Examlex
Which of the following categories accounted for the largest percentage of total federal government expenditures in recent years?
Semiannually
A term indicating that an event or action occurs twice a year.
Capital Gain
The profit earned from the sale of an asset when its selling price exceeds its purchase price.
High-duration
Describes bonds or other fixed-income securities that have high sensitivity to changes in interest rates, usually because they have a long time until maturity.
Low-duration
Refers to investments that have a short time until maturity, typically associated with lower interest rate risk.
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