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The Desire for Floating-Rate Bonds, and Consequently Their Increased Usage

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The desire for floating-rate bonds, and consequently their increased usage, arose out of the experience of the early 1980s, when inflation pushed interest rates up to very high levels and thus caused sharp declines in the prices of outstanding bonds.


Definitions:

Group Technology

A manufacturing philosophy that focuses on grouping similar parts or processes to take advantage of their similarities in design and production.

Environmental Teams

Groups within an organization dedicated to ensuring that the company’s operations are environmentally sustainable.

Product Design

The process of creating new products or improving existing ones, incorporating functionality, aesthetics, usability, and sustainability considerations.

Operating System (OS)

The software that manages all of the hardware and software resources on a computer. It acts as an intermediary between computer programs and the computer hardware.

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