Examlex
On average, college graduates earn significantly more income than those with less education and the disparity tends to widen into middle age.
Secured Bonds
Bonds backed by the issuer's pledge of specific assets as collateral to ensure repayment, making them less risky for investors.
Market Rate
The interest rate available to borrowers and savers in the overall or specific marketplace, often influenced by supply and demand, central bank policy, or other factors.
Premium on Bonds
The amount by which the selling price of a bond exceeds its face value.
Callable Bonds
Bonds that can be redeemed by the issuer before their maturity date at a set price, giving issuers flexibility to refinance if interest rates fall.
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