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Interest (finance)
In finance and economics, interest is payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum (that is, the amount borrowed), at a particular rate. It is distinct from a fee which the borrower may pay the lender or some third party. It is also distinct from dividend which is paid by a company to its shareholders (owners) from its profit or reserve, but not at a particular rate decided beforehand, rather on a pro rata basis as a share in the reward gained by risk taking entrepreneurs when the revenue earned exceeds the total costs. For example, a customer would usually pay interest to borrow from a bank, so they pay the bank an amount which is more than the amount they borrowed; or a customer may earn interest on their savings, and so they may withdraw more than they originally deposited. In the case of savings, the customer is the lender, and the bank plays the role of the borrower. Interest diffe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Malawi Interest Rates
Malawi (; or aláwi Tumbuka: ''Malaŵi''), officially the Republic of Malawi, is a landlocked country in Southeastern Africa that was formerly known as Nyasaland. It is bordered by Zambia to the west, Tanzania to the north and northeast, and Mozambique to the east, south and southwest. Malawi spans over and has an estimated population of 19,431,566 (as of January 2021). Malawi's capital (and largest city) is Lilongwe. Its second-largest is Blantyre, its third-largest is Mzuzu and its fourth-largest is its former capital, Zomba. The name ''Malawi'' comes from the Maravi, an old name for the Chewa people who inhabit the area. The country is nicknamed "The Warm Heart of Africa" because of the friendliness of its people. The part of Africa now known as Malawi was settled around the 10th century by migrating Bantu groups . Centuries later, in 1891, the area was colonised by the British and became a protectorate of the United Kingdom known as Nyasaland. In 1953, it became a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Interest Rate
An interest rate is the amount of interest due per period, as a proportion of the amount lent, deposited, or borrowed (called the principal sum). The total interest on an amount lent or borrowed depends on the principal sum, the interest rate, the compounding frequency, and the length of time over which it is lent, deposited, or borrowed. The annual interest rate is the rate over a period of one year. Other interest rates apply over different periods, such as a month or a day, but they are usually annualized. The interest rate has been characterized as "an index of the preference . . . for a dollar of present ncomeover a dollar of future income." The borrower wants, or needs, to have money sooner rather than later, and is willing to pay a fee—the interest rate—for that privilege. Influencing factors Interest rates vary according to: * the government's directives to the central bank to accomplish the government's goals * the currency of the principal sum lent or borrowed * ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Catholic Church
The Catholic Church, also known as the Roman Catholic Church, is the largest Christian church, with 1.3 billion baptized Catholics worldwide . It is among the world's oldest and largest international institutions, and has played a prominent role in the history and development of Western civilization.O'Collins, p. v (preface). The church consists of 24 ''sui iuris'' churches, including the Latin Church and 23 Eastern Catholic Churches, which comprise almost 3,500 dioceses and eparchies located around the world. The pope, who is the bishop of Rome, is the chief pastor of the church. The bishopric of Rome, known as the Holy See, is the central governing authority of the church. The administrative body of the Holy See, the Roman Curia, has its principal offices in Vatican City, a small enclave of the Italian city of Rome, of which the pope is head of state. The core beliefs of Catholicism are found in the Nicene Creed. The Catholic Church teaches that it is the on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Laity
In religious organizations, the laity () consists of all members who are not part of the clergy, usually including any non-ordained members of religious orders, e.g. a nun or a lay brother. In both religious and wider secular usage, a layperson (also layman or laywoman) is a person who is not qualified in a given profession or does not have specific knowledge of a certain subject. The phrase "layman's terms" is used to refer to plain language that is understandable to the everyday person, as opposed to specialised terminology understood only by a professional. Some Christian churches utilise lay preachers, who preach but are not clergy. The Church of Jesus Christ of Latter-day Saints uses the term ''lay priesthood'' to emphasise that its local congregational leaders are unpaid. Terms such as ''lay priest'', ''lay clergy'' and ''lay nun'' were once used in certain Buddhist cultures to indicate ordained persons who continued to live in the wider community instead of retiring t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ecumenical Council
An ecumenical council, also called general council, is a meeting of bishops and other church authorities to consider and rule on questions of Christian doctrine, administration, discipline, and other matters in which those entitled to vote are convoked from the whole world (oikoumene) and which secures the approbation of the whole Church. The word " ecumenical" derives from the Late Latin ''oecumenicus'' "general, universal", from Greek ''oikoumenikos'' "from the whole world", from ''he oikoumene ge'' "the inhabited world" (as known to the ancient Greeks); the Greeks and their neighbors, considered as developed human society (as opposed to barbarian lands); in later use "the Roman world" and in the Christian sense in ecclesiastical Greek, from ''oikoumenos'', present passive participle of ''oikein'' ("inhabit"), from ''oikos'' ("house, habitation"). The first seven ecumenical councils, recognised by both the eastern and western denominations comprising Chalcedonian Christianit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Annual Equivalent Rate , in biology
{{disambiguation ...
Annual may refer to: *Annual publication, periodical publications appearing regularly once per year **Yearbook **Literary annual *Annual plant *Annual report *Annual giving *Annual, Morocco, a settlement in northeastern Morocco *Annuals (band), a musical group See also * Annual Review (other) * Circannual cycle A circannual cycle is a biological process that occurs in living creatures over the period of approximately one year. This cycle was first discovered by Ebo Gwinner and Canadian biologist Ted Pengelley. It is classified as an Infradian rhythm, whi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Clergy
Clergy are formal leaders within established religions. Their roles and functions vary in different religious traditions, but usually involve presiding over specific rituals and teaching their religion's doctrines and practices. Some of the terms used for individual clergy are clergyman, clergywoman, clergyperson, churchman, and cleric, while clerk in holy orders has a long history but is rarely used. In Christianity, the specific names and roles of the clergy vary by denomination and there is a wide range of formal and informal clergy positions, including deacons, elders, priests, bishops, preachers, pastors, presbyters, ministers, and the pope. In Islam, a religious leader is often known formally or informally as an imam, caliph, qadi, mufti, mullah, muezzin, or ayatollah. In the Jewish tradition, a religious leader is often a rabbi (teacher) or hazzan (cantor). Etymology The word ''cleric'' comes from the ecclesiastical Latin ''Clericus'', for those belonging ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
First Council Of Nicaea
The First Council of Nicaea (; grc, Νίκαια ) was a council of Christian bishops convened in the Bithynian city of Nicaea (now İznik, Turkey) by the Roman Emperor Constantine I in AD 325. This ecumenical council was the first effort to attain consensus in the church through an assembly representing all Christendom. Hosius of Corduba may have presided over its deliberations. Its main accomplishments were settlement of the Christological issue of the divine nature of God the Son and his relationship to God the Father, the construction of the first part of the Nicene Creed, mandating uniform observance of the date of Easter, and promulgation of early canon law. Overview The First Council of Nicaea was the first ecumenical council of the church. Most significantly, it resulted in the first uniform Christian doctrine, called the Nicene Creed. With the creation of the creed, a precedent was established for subsequent local and regional councils of bishops (synods) ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dowry
A dowry is a payment, such as property or money, paid by the bride's family to the groom or his family at the time of marriage. Dowry contrasts with the related concepts of bride price and dower. While bride price or bride service is a payment by the Bridegroom, groom, or his family, to the bride, or her family, dowry is the wealth transferred from the bride, or her family, to the groom, or his family. Similarly, dower is the property settled on the bride herself, by the groom at the time of marriage, and which remains under her ownership and control. Dowry is an ancient custom that is already mentioned in some of the earliest writings, and its existence may well predate records of it. Dowries continue to be expected and demanded as a condition to accept a marriage proposal in some parts of the world, mainly in parts of Asia, The custom of dowry is most common in cultures that are strongly patrilineal and that expect women to reside with or near their husband's family (patriloca ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Laws Of Eshnunna
The Laws of Eshnunna (abrv. LE) are inscribed on two cuneiform tablets discovered in Tell Abū Harmal, Baghdad, Iraq. The Iraqi Directorate of Antiquities headed by Taha Baqir unearthed two parallel sets of tablets in 1945 and 1947. The two tablets are separate copies of an older source and date back to ca. 1930 BC. An additional fragment was later found at Me-Turan. The differences between the Code of Hammurabi and the Laws of Eshnunna significantly contributed to illuminating the development of ancient and cuneiform law. Eshnunna was north of Ur on the Tigris River and became politically important after the fall of the third dynasty of Ur, founded by Ur-Nammu. In distinction from the other Mesopotamian collections of law, this one got its name after the city where it had originated – Eshnunna, located on the bank of the Diyala River, tributary to the Tigris. This collection of laws is not a real systemized codex; nearly sixty of its sections are preserved. The Laws are written ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paul Johnson (writer)
Paul Bede Johnson (born 2 November 1928) is an English journalist, popular historian, speechwriter, and author. Although associated with the political left in his early career, he is now a conservative popular historian. Johnson was educated at the Jesuit independent school Stonyhurst College, and at Magdalen College, Oxford. He first came to prominence in the 1950s as a journalist writing for and later editing the ''New Statesman'' magazine. A prolific writer, Johnson has written over 40 books and contributed to numerous magazines and newspapers. His sons include the journalist Daniel Johnson, founder of '' Standpoint'' magazine, and the businessman Luke Johnson, former chairman of Channel 4. Early life and career Johnson was born in Manchester. His father, William Aloysius Johnson, was an artist and Principal of the Art School in Burslem, Stoke-on-Trent, Staffordshire. At Stonyhurst College, Johnson received an education grounded in the Jesuit method, which he preferre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Usury
Usury () is the practice of making unethical or immoral monetary loans that unfairly enrich the lender. The term may be used in a moral sense—condemning taking advantage of others' misfortunes—or in a legal sense, where an interest rate is charged in excess of the maximum rate that is allowed by law. A loan may be considered usurious because of excessive or abusive interest rates or other factors defined by the laws of a state. Someone who practices usury can be called a ''usurer'', but in modern colloquial English may be called a ''loan shark''. In many historical societies including ancient Christian, Jewish, and Islamic societies, usury meant the charging of interest of any kind, and was considered wrong, or was made illegal. During the Sutra period in India (7th to 2nd centuries BC) there were laws prohibiting the highest castes from practicing usury. Similar condemnations are found in religious texts from Buddhism, Judaism (''Loans and interest in Judaism, ribbit'' in He ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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