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Socrates held the JTB theory of knowledge.
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Short-term loans provided to finance the building or renovation of a property, typically requiring interest-only payments during construction and full repayment upon completion.
Average Maturity
The weighted average of all the maturities of the bonds in a portfolio, reflecting the portfolio's sensitivity to interest rate changes.
Money Market Mutual Fund
A type of mutual fund investing in short-term debt securities, offering investors high liquidity with a relatively low level of risk.
Sales Load
A fee charged for the purchase or sale of shares in a mutual fund, often used to compensate brokers.
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