Examlex
If the current market price of a bond is less than the present value of the income stream the bond will produce,the price will ________ due to excess ________ of/for the bond.
Annuity
A financial instrument designed to offer a steady flow of income to someone, mainly used for retirement purposes.
Quarterly
Pertaining to something that occurs every three months or four times a year.
Life Annuity
An insurance product that guarantees regular payments to the annuitant for life, in exchange for an initial investment.
Term Annuity
An insurance product that pays out income over a fixed period or term, not necessarily for life.
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