Examlex
The year is 2016 and one is listening to a newscast about September 11, and a friend is trying to remember who told him about the event since he wasn't near a television to see it. What area of the brain would be activated as the friend attempts to remember?
Call Provision
A clause in a bond or other fixed-income security agreement that allows the issuer to repurchase and retire the debt before its maturity date, typically at a premium price.
Redeem Provision
A clause in a financial contract allowing the holder to exchange a particular financial instrument under specified conditions, often before maturity.
Investment-Grade Bonds
Bonds that are rated by credit rating agencies as having a lower risk of default, making them a safer investment.
Speculative Bonds
Speculative bonds are high-risk, high-reward investment securities that have a lower credit rating and offer higher yields to compensate for their increased risk.
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