- 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.
- Mediation cost
- A key concept referenced by the Mediation Cost: Calculate mediation costs for business and legal disputes. Mediator daily rate: $2,000-8,000 for retired judges and experienced neutrals. Split equally between parties. Average commercial mediation: 1-2 sessions. Court-ordered mediation: $300-1,000.
- Mediator fee
- A key concept referenced by the Mediation Cost: Calculate mediation costs for business and legal disputes. Mediator daily rate: $2,000-8,000 for retired judges and experienced neutrals. Split equally between parties. Average commercial mediation: 1-2 sessions. Court-ordered mediation: $300-1,000.
- Commercial mediation
- A key concept referenced by the Mediation Cost: Calculate mediation costs for business and legal disputes. Mediator daily rate: $2,000-8,000 for retired judges and experienced neutrals. Split equally between parties. Average commercial mediation: 1-2 sessions. Court-ordered mediation: $300-1,000.
- Dispute mediation
- A key concept referenced by the Mediation Cost: Calculate mediation costs for business and legal disputes. Mediator daily rate: $2,000-8,000 for retired judges and experienced neutrals. Split equally between parties. Average commercial mediation: 1-2 sessions. Court-ordered mediation: $300-1,000.
- ADR mediation cost
- A key concept referenced by the Mediation Cost: Calculate mediation costs for business and legal disputes. Mediator daily rate: $2,000-8,000 for retired judges and experienced neutrals. Split equally between parties. Average commercial mediation: 1-2 sessions. Court-ordered mediation: $300-1,000.