Examlex
The United States has a high incarceration rate relative to other nations.
Interest Rate Risk
The potential for investment value fluctuations due to changes in the prevailing interest rates.
Maturity
The specified time at which the principal amount of a bond, loan, or other financial instrument is due to be paid in full.
Coupon Bond
A type of bond that pays the holder a fixed interest rate (coupon) over the bond's lifespan and repays the principal at maturity.
Yield To Maturity
The expected total yield from a bond assuming it is retained until the end of its term, accounting for all interest earnings and the return of the initial investment.
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Q80: Discuss the Pennsylvania and New York systems.