Level annuity system


A plan that pays interest and principal in such a way that the total is same for each payment. The earliest payments are mostly interest and the later ones are mostly principal.

Investing Essentials

Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day


A dramatic change in market conditions that forces speculators to sell their positions, often at a loss.

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