Examlex
Securities are ________ for the person who buys them,but are ________ for the individual or firm that issues them.
Market Rate
The prevailing interest rate available in the marketplace for securities of similar risk and maturity.
Present Value
The current worth of a future sum of money or stream of cash flows given a specified rate of return, reflecting the time value of money.
Annuity
A fiscal instrument that provides a stable flow of funds to an individual, often employed as a means of financial support for retired individuals.
Extraordinary Loss
A loss resulting from events that are both unusual and infrequent, often reported separately on financial statements.
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