Examlex
Private label branding is an example of using nonprice competition to achieve a protected niche.
Municipal Bonds
Debt securities issued by local governments or their agencies, often tax-exempt, to fund public projects and services.
Federal Income Tax
A tax levied by the U.S. federal government on the annual earnings of individuals, corporations, trusts, and other legal entities.
Subprime Mortgages
Loans granted to borrowers with lower credit scores and a higher risk of default than prime borrowers, usually at higher interest rates.
Credit Crisis
A financial situation characterized by a severe shortage of credit or loans, leading to widespread financial instability and economic downturn.
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