Examlex
_________ is enhanced when decisions that affect the citizens' lives are made by representatives who are local, closer to them, and more similar to them.
Maturity Matching
Maturity matching is a financial strategy that involves aligning the duration of assets and liabilities to manage liquidity and risk.
Fifteen-Year Bonds
Fixed income securities that mature or become due for repayment fifteen years after their issue date.
Capital Market
A financial market in which long-term debt or equity-backed securities are bought and sold, facilitating the raising of capital.
Interest
The cost of borrowing money, typically expressed as a percentage of the amount borrowed.
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