composite insurance company (G2)
An insurance company transacting a wide range of life and non-life insurance business.
compound interest (E4)
Cumulative interest paid on both the original amount lent and subsequent interest which is added to the PRINCIPAL. If the total accumulation period is long, the total sum becomes immense compared with the original sum. Not surprisingly, Keynes asserted that ‘there is no more powerful force than compound interest’.
compound lottery (D4)
A lottery which depends on the outcome of a previous lottery.
Comprehensive Employment and Training Act 1973 (J2)
US federal statute consolidating previous, mainly youth, training programmes which hoped to give every youth and adult an opportunity to work. It decentralized ...
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