Examlex
Existing stocks and bonds are sold in a large secondary securities market which is handled by the New York Stock Exchange and by online trading with electronic communication networks.
Credit Union
A member-owned financial cooperative that provides traditional banking services.
Simple Interest
Interest calculated only on the principal amount, or the original sum of money borrowed or invested, without considering the effect of compounding over time.
Obligations
Duties or commitments that require an individual or organization to act in a certain manner, often legally binding.
Equivalent Replacement
The act or process of replacing an asset with another that performs the same function or yields the same output.
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