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If the expected recovery values decreases, then the size of payment upon the occurrence of a credit event will increase. This will increase the protection payment.
Nuts
Edible seeds enclosed in a hard shell, often used as a source of nutrients and energy.
Berries
Small, pulpy, and often edible fruits, typically consumed fresh, frozen, or in various prepared foods and beverages.
Perfect Substitute
A perfect substitute is a good or service that can be used in exactly the same way as another, meaning consumers are indifferent between the two.
Utility Function
A mathematical representation that ranks individuals' preferences or satisfaction derived from consuming goods and services.
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