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Which political philosopher expressed the sentiment that life in a state of nature would be "solitary,poor,nasty,brutish,and short?"
Bond Market
The financial market where participants can issue new debt, known as the primary market, or buy and sell debt securities, known as the secondary market.
Over-The-Counter Market
A decentralized market, without a central physical location, where participants trade stocks, commodities, currencies, or other instruments directly between two parties without a broker's intermediation.
Bond Dealers
Entities that trade in bond securities, acting as intermediaries between buyers and sellers in the bond market.
Default Risk Premiums
Additional returns that investors demand from a security issuer to compensate for the risk of default.
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