Examlex
When compared to decisions made by individuals, decisions made by groups tend to be more balanced or "middle-of-the-road."
Exercise Price
The price at which the holder of an option can buy (call) or sell (put) the underlying asset.
Municipal Bond
A debt security issued by municipalities to finance public projects, often tax-exempt for investors.
Marginal Tax Bracket
The tax rate that applies to the last dollar of the taxpayer's income, indicating the percentage of tax applied to their highest level of income.
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