For example (using dollars as our currency), a $1,000 loan with a fixed rate of interest of 5% per annum, means that if the loan amount were to be paid off in 12 months, the total amount the borrower would pay back would be $1050.
Definitions for knee jerk. Here are all the possible meanings and translations of the word knee jerk. Princeton's WordNet(0.00 / 0 votes)Rate this definition: knee jerk, knee-jerk reflex, patellar reflex(noun) a reflex extension of the leg resulting from a sharp tap on the patellar tendon. Knee jerk(n.) emotional and predictable; -- of certain people and their reactions to events. Chaldean Numerology. The numerical value of knee jerk in Chaldean Numerology is: 9.
A reflex is built into the nervous system and does not need the intervention of conscious thought to take effect. The knee jerk is an example of the simplest type of reflex. When the knee is tapped, the nerve that receives this stimulus sends an impulse to the spinal cord, where it is relayed to a motor nerve. This causes the quadriceps muscle at the front of the thigh to contract and jerk the leg up.