Examlex
The Central Limit Theorem states that if a number of probability distributions are summed,the variance of the sum equals the sum of the variances of individual distributions.
Par
The face value or nominal value of a bond, stock, or other financial instrument, typically the amount on which interest payments or dividends are calculated.
Zero-Coupon Bond
A debt security that does not pay periodic interest, instead being sold at a discount and maturing at face value, generating profit at redemption.
Interest Payments
The cash outflows that a borrower makes to a lender as a compensation for the use of borrowed funds.
Premium Bond
A bond that is trading above its par value in the financial markets.
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