Examlex
Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-If you choose to have your mutual fund dividends automatically reinvested,you [may defer taxes on the dividends until you redeem some shares | still owe taxes for the year the dividends were earned].
Negotiable
Something that can be discussed or altered in order to reach an agreement; in finance, refers to instruments like checks or bills of exchange that can be transferred to another party.
Optional Payment
A payment made by choice as opposed to requirement, often seen in loan agreements where the borrower may pay more than the minimum due.
Maturity Date
the specific date on which a financial instrument, such as a loan or bond, reaches its expiration and the principal is due to be repaid.
Promissory Note
A financial instrument containing a written promise by one party to pay another a definite sum of money either on demand or at a specified future date.
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