Examlex
A computer program developed by an in-house computer programmer for use in a random audit system instituted by a financial firm is a work-made-for-hire that would belong automatically to the firm, not the programmer.
Securities
Financial instruments representing ownership (stocks), a debt agreement (bonds), or rights to ownership (derivatives) that can be bought and sold in financial markets.
Equipment
Physical assets used in the operation of a business, including machinery, tools, and vehicles.
Floating-Rate Bonds
Bonds whose interest payments fluctuate with market interest rates.
Coupon Rate
The annual interest rate paid on a bond, expressed as a percentage of the bond's face value.
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