Examlex
Bonds that are backed solely by specific secured assets are called
Buyer
An individual or entity that purchases goods or services from another entity, typically in the context of an economic market.
Seller
An individual or business that offers goods or services for sale to consumers or other businesses.
Lemons Problem
A phenomenon where the presence of information asymmetry in a market leads to low-quality products being sold, as sellers have more information about the product than buyers.
Moral-Hazard
A situation where one party engages in risky behavior knowing that it is protected against the risk because another party will bear the cost.
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