Examlex
The surrender of depreciated boot (fair market value is less than adjusted basis) in a like-kind exchange can result in the recognition of loss.
Guaranteed Minimum
The lowest amount assured by a contract, regardless of external conditions or outcomes.
Annual Rates
Refers to the interest rate or growth rate over a one-year period, often used in financial contexts.
Strip Bond
A financial instrument resulting from the separation of the coupon payments and the principal of a regular bond, where each part is sold separately as a zero-coupon bond.
Market Yield
The return on investment for a security anticipated in the marketplace, reflecting its current price and income it generates.
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