Examlex
How would the division of labor in New York City compare to the division of labor in a primitive tribe of the Amazon River basin?
Bond Rating
An assessment of the credit quality of a bond, typically issued by a rating agency, which indicates the likelihood of the bond issuer defaulting.
Current Yield
The annual income (interest or dividends) divided by the current price of the security, often used in context with bonds.
Coupon Rate
The interest rate paid yearly on a bond, represented as a percentage of its par value.
Zero Coupon
A bond or debt security that does not pay interest (a coupon) but is traded at a deep discount, providing profit at maturity when the bond is redeemed for its full face value.
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