Examlex
An inventory of steel angle in two areas of a welding shop is 214 feet and 360 feet. What is the total angle in inventory, in feet?
Junk Bonds
High-risk, high-yield bonds issued to finance leveraged buyouts, mergers, or troubled companies.
High-Risk
Describes an investment or venture that carries a high level of uncertainty and the potential for significant loss.
Leveraged Buyouts
The acquisition of a company using a significant amount of borrowed money (debt) to meet the purchase cost.
Zero Bonds
Bonds that do not pay interest periodically but are sold at a deep discount from their face value, with the interest effectively accruing and being paid at maturity.
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