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When first attempting to learn English as a second language, Olga spends a great deal of time converting similar English sounds into Russian equivalents. Later, she spends more time generating new, non-Russian language ideas. Piaget would describe this change as involving
Semi-Annually
Occurring or done twice a year, typically every six months.
Face Value
The nominal or dollar value stated on a security or financial instrument, such as a bond or stock, representing its worth at issuance or par value.
Interest Rate Risk
The risk of investment value changes due to variations in the level of interest rates.
Zero-Coupon
A bond that does not pay periodic interest and is issued at a substantial discount from its face value.
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