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If an aircraft has not taken off before its HOT elapses, it must
Treasury Securities
Debt instruments issued by the government to finance its expenditures, considered low-risk investments.
On the Run
Refers to the most recently issued (and therefore typically the most liquid) government bonds or securities.
Forward Rate
An agreed-upon rate for a financial transaction that will occur at a future date.
Annual Coupon Bond
A bond that pays interest to the holder annually until maturity, when the face value is also paid back.
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