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Short-Term Debt
Debt obligations scheduled for repayment within one year.
Municipal Bonds
Debt securities issued by states, cities, counties, and other governmental entities to finance public projects, offering tax-exempt interest payments to investors.
Long-Term Debt
Borrowings that are due to be repaid more than one year in the future, often used for significant investments in the business.
Industrialized Economy
An economy characterized by significant industrial activity, high levels of income and employment, and a large manufacturing sector.
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