Examlex
What prompted Congress to pass the Pendleton Civil Service Reform Act in 1883?
Commission
A fee paid for services, usually a percentage of the total cost.
Current Yield
The annual interest income of a bond, calculated by dividing the annual interest by the current purchase price.
Bond A
A type of fixed-income investment where an investor loans money to an entity (corporate or governmental) that borrows the funds for a defined period at a variable or fixed interest rate.
Yield To Maturity
the total return anticipated on a bond if the bond is held until it matures, considering both interest payments and capital gain.
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