Examlex
Evaluate or simplify the following the expression.
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Redeem
The act of paying off or buying back securities or debts, typically at maturity or before, often for a specified price.
Initial Deposit
The first sum of money placed into an account, often marking the account's opening and establishing an initial balance.
Bond Sinking Fund
A financial strategy to set aside funds over time for the eventual repayment of the principal amount of bonds, ensuring the issuer can meet its future obligations.
Asset
An economic resource owned or controlled by a business or an individual that is expected to provide future benefits.
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