- 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.
- Contract frustration
- A key concept referenced by the Contract Frustration: Analyze whether a commercial contract has been frustrated. Assess impossibility, illegality, or radical change in obligations that destroys commercial purpose of the agreement.
- Commercial frustration doctrine
- A key concept referenced by the Contract Frustration: Analyze whether a commercial contract has been frustrated. Assess impossibility, illegality, or radical change in obligations that destroys commercial purpose of the agreement.
- Impossibility of performance
- A key concept referenced by the Contract Frustration: Analyze whether a commercial contract has been frustrated. Assess impossibility, illegality, or radical change in obligations that destroys commercial purpose of the agreement.
- Frustrated contract law
- A key concept referenced by the Contract Frustration: Analyze whether a commercial contract has been frustrated. Assess impossibility, illegality, or radical change in obligations that destroys commercial purpose of the agreement.
- Davis Contractors test
- A key concept referenced by the Contract Frustration: Analyze whether a commercial contract has been frustrated. Assess impossibility, illegality, or radical change in obligations that destroys commercial purpose of the agreement.