Examlex
The contractual interest rate is always equal to the market interest rate on the date that bonds are issued.
Income
Earnings received by an individual or entity, usually in the form of wages, salaries, or investments.
Interest Rate
The percentage of a loan charged to the borrower as interest, usually shown as an annual rate of the outstanding loan amount.
Utility Function
A mathematical representation in economics of a consumer's preference ordering over a set of goods and services.
Consumption
The process by which goods and services are used up or consumed by individuals or groups.
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