Local Ballot Measures Generally Have a High Rate of Passage--Much

question 29

True/False

Local ballot measures generally have a high rate of passage--much higher than statewide ballot measures.

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Definitions:

Maturities

The set dates at which a bond or other financial instrument's principal amount is due to be paid back to the investor.

LEAPS

Long-Term Equity Anticipation Securities, which are options contracts with expiration dates longer than one year, offering longer-term investment strategies.

Initial Maturities

The original duration until the expiration or due date of a financial instrument, such as a bond or loan, when first issued.

Exchange-Traded Options

Financial derivatives that give the holder the right, but not the obligation, to buy or sell a specific amount of a security at a set price on or before a certain date.