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🌞Today's Finance Jargon

'Deferred Interest'

A deferred interest is the amount of interest that is added to the principal balance of a loan when the contractual terms of that loan allow for a scheduled payment to be made that is less than the interest due. When a loan's principal balance increases because of deferred interest, it is known as negative amortization.

🌞Today's Law Jargon

'General Denial'

A statement in an answer to a lawsuit or claim by a defendant in a lawsuit, in which the defendant denies everything alleged in the complaint without specifically denying any allegation. It reads: "Defendant denies each and every allegation contained in the complaint on file herein," or similar inclusive language.

🌞Today's Engineering Jargon

'Absorbent'

A material which, due to an affinity for certain substances, extracts one or more such substances from a liquid or gaseous medium with which it contacts and which changes physically or chemically, or both, during the process. Calcium chloride is an example of a solid absorbent, while solutions of lithium chloride, lithium bromide, and ethylene glycols are liquid absorbents.

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