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Interest Rates
The charge, as a percentage of the principal sum, levied by a lender on a borrower for asset usage.
Callable Bond
A type of bond that gives the issuer the right to repay the bond before its maturity date, often at a predetermined price.
Retirement
The period in an individual's life after they have ceased working, typically upon reaching a certain age.
Maturity
The date on which the principal amount of a financial instrument, such as a bond or loan, is due to be repaid.
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