- Principal
- The initial amount of money on which interest, returns, or tax liabilities are calculated.
- Interest rate
- The percentage charged or earned per period on the principal, expressed as an annual rate unless stated otherwise.
- Compounding
- The process by which interest is added to the principal so that subsequent interest is earned on the combined amount.
- Present value
- The current worth of a future sum, discounted at a given rate to account for the time value of money.
- DOT number requirement
- A key concept referenced by the DOT Number Threshold: Determine if your commercial vehicle operations require a USDOT number. Required if: interstate commerce with GVWR over 10,001 lbs; transporting hazardous materials in any amount; passenger vehicle with 9+ passengers for compensation.
- USDOT number
- A key concept referenced by the DOT Number Threshold: Determine if your commercial vehicle operations require a USDOT number. Required if: interstate commerce with GVWR over 10,001 lbs; transporting hazardous materials in any amount; passenger vehicle with 9+ passengers for compensation.
- Commercial vehicle DOT
- A key concept referenced by the DOT Number Threshold: Determine if your commercial vehicle operations require a USDOT number. Required if: interstate commerce with GVWR over 10,001 lbs; transporting hazardous materials in any amount; passenger vehicle with 9+ passengers for compensation.
- FMCSA registration
- A key concept referenced by the DOT Number Threshold: Determine if your commercial vehicle operations require a USDOT number. Required if: interstate commerce with GVWR over 10,001 lbs; transporting hazardous materials in any amount; passenger vehicle with 9+ passengers for compensation.
- Interstate commerce DOT
- A key concept referenced by the DOT Number Threshold: Determine if your commercial vehicle operations require a USDOT number. Required if: interstate commerce with GVWR over 10,001 lbs; transporting hazardous materials in any amount; passenger vehicle with 9+ passengers for compensation.