Examlex
"More elastic" means
Default Risk
The possibility that a borrower will fail to meet the obligations of a debt agreement.
Perpetuity
A type of annuity that pays a consistent amount indefinitely, with no end date.
Yield
The income return on an investment, such as the interest or dividends received, expressed as a percentage of the investment's cost or current market value.
Duration
A measure of the sensitivity of the price of a bond or other debt instrument to a change in interest rates, typically expressed in years.
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