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t. e. A mortgage-backed security ( MBS) is a type of asset-backed security (an "instrument") which is secured by a mortgage or collection of mortgages. The mortgages are aggregated and sold to a group of individuals (a government agency or investment bank) that securitizes, or packages, the loans together into a security that investors can buy.
Textbook. A textbook is a book containing a comprehensive compilation of content in a branch of study with the intention of explaining it. Textbooks are produced to meet the needs of educators, usually at educational institutions. Schoolbooks are textbooks and other books used in schools.
Buy one, get one free. " Buy one, get one free " or " two for the price of one " is a common form of sales promotion. Economist Alex Tabarrok has argued that the success of this promotion lies in the fact that consumers value the first unit significantly more than the second one. So compared to a seemingly equivalent "Half price off" promotion ...
Presidential Decision Directive 25 ( PDD-25 ), is an executive order issued by President of the United States Bill Clinton on May 3, 1994 following a year-long executive agency policy review and bilateral consultations among dozens of members of Congress and the executive branch. While the order was classified by the government, it was ...
t. e. A zero-coupon bond (also discount bond or deep discount bond) is a bond in which the face value is repaid at the time of maturity. [1] Unlike regular bonds, it does not make periodic interest payments or have so-called coupons, hence the term zero-coupon bond. When the bond reaches maturity, its investor receives its par (or face) value.
The 1% Club is an American game show, with its setup identically based on the British game show of the same name.Contestants are given a very short amount time to solve brain teaser questions, which each question getting significantly more difficult as the game continues, as statistically a smaller percentage of people according to the producers, answered that particular question correctly.
This could be a good course of action for many savers, because high yields won't evaporate overnight. If the Fed follows through on its estimated 125 basis points (1.25%) rate cuts over the next ...
The 2000 United States presidential election was the 54th quadrennial presidential election, held on Tuesday, November 7, 2000. Republican Texas Governor George W. Bush, the eldest son of George H. W. Bush, narrowly defeated incumbent Democratic Vice President Al Gore. It was the fourth of five U.S. presidential elections, and the first since ...
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