BCL Definition

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BCL is an acronym for, among others, Bank Comfort Letter or Bachelor of Canon/Civil Law.

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FEE SIMPLE ABSOLUTE see FEE SIMPLE.

FUTURE VALUE is the amount of money that an investment made today (the present value) will grow to by some future date. Since money has time value, we naturally expect the future value to be greater than the present value. The difference between the two depends on the number of compounding periods involved and the going interest rate.

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