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Why are theories such an important part of the understanding of human development?
Secured Bond
A type of bond backed by collateral, providing the bondholder with a claim on specific assets if the issuer defaults.
Enforceable
A term describing a contract or legal obligation that is legally binding and can be upheld in court.
Junk Bonds
High-risk, high-yield bonds issued by companies considered to be at greater risk of default.
Government Bonds
Debt securities issued by a government to finance its borrowing requirements, offering a fixed or variable interest rate payable to holders.
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