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Russel contrasts philosophy with
Discount On Bonds
The amount by which a bond is sold below its face value.
Board Of Directors
A group of individuals elected by shareholders to oversee the management and make strategic decisions for a corporation.
Authorized
Refers to the official approval or empowerment to carry out a specific action or set of actions.
Debenture Bond
A type of debt instrument not secured by physical assets or collateral but backed only by the issuer's creditworthiness and general reputation.
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