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Fixed Incomes
Types of investment securities that pay investors fixed interest or dividend payments until their maturity date.
Business Cycle
The cyclical pattern of economic growth characterized by phases of expansion, peak, downturn, and recovery, which naturally progresses over time.
Recovery Phase
A period in the economic cycle where economic activity starts to increase again after a recession, leading to growth in GDP and employment.
Prosperity
A state of economic well-being and flourishing, characterized by financial success and material wealth.
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