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Differentiate between individual reward systems and team reward systems.
Nominal Rate
The stated interest rate of a loan or investment, not taking into account the effect of compounding.
Semiannually
Referring to an occurrence or event happening twice a year.
Maturity Date
The particular date when the last payment of a loan, bond, or another financial instrument must be made.
Strip Bond
A Strip Bond is an investment vehicle created by separating a bond's periodic interest payments from its principal repayment obligation and selling each part as individual securities.
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