- 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 clause
- A key concept referenced by the Mediation ADR: Design effective tiered dispute resolution clauses. Negotiate, then mediate, then arbitrate. Assess enforceability of mandatory mediation pre-conditions to arbitration/litigation.
- Tiered dispute resolution
- A key concept referenced by the Mediation ADR: Design effective tiered dispute resolution clauses. Negotiate, then mediate, then arbitrate. Assess enforceability of mandatory mediation pre-conditions to arbitration/litigation.
- ADR pre-condition
- A key concept referenced by the Mediation ADR: Design effective tiered dispute resolution clauses. Negotiate, then mediate, then arbitrate. Assess enforceability of mandatory mediation pre-conditions to arbitration/litigation.
- Mandatory mediation
- A key concept referenced by the Mediation ADR: Design effective tiered dispute resolution clauses. Negotiate, then mediate, then arbitrate. Assess enforceability of mandatory mediation pre-conditions to arbitration/litigation.
- Multi-tiered clause
- A key concept referenced by the Mediation ADR: Design effective tiered dispute resolution clauses. Negotiate, then mediate, then arbitrate. Assess enforceability of mandatory mediation pre-conditions to arbitration/litigation.