Examlex
The bimetal thermostat derives its name from the fact that it uses three similar metals.
Treasury Securities
Government-issued debt instruments used to finance government spending as an alternative to taxation.
Maturity Risk
The risk that arises from the length of time until the principal amount of a fixed-income investment becomes due and payable, affecting the investment's exposure to interest rate changes.
Base Interest Rate
The minimum interest rate set by a central bank for lending to other banks, used as a benchmark for interest rates on loans and mortgages.
Pure Rate
The interest rate that reflects only the time value of money.
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