Examlex
The second party system in Canada (1921 to 1957) saw several elite parties gain traction at the expense of catch-all parties.
Default Risk
The risk that a borrower will not make the required payments on their debt obligations, leading to a default.
Semiannual Coupon
Interest payments made to bond investors every six months as part of the bond's fixed-income return.
Bond Rating
An evaluation provided by a credit rating agency regarding the creditworthiness of a bond issuer, affecting the interest rates and investment appeal of its bonds.
Secured Debt
A debt that is backed by collateral, providing the lender with assurance that the loan can be recovered if defaulted.
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