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Figure 13.1 Total Costs The complete amount of expenses incurred by a business or project, including both fixed and variable costs. Money Market Instruments Short-term financial instruments typically with high liquidity and very low risk. Default Rates The frequency at which borrowers fail to make payments on their loans or securities according to the terms agreed upon. Maturity The date on which the principal amount of a financial instrument, such as a bond or loan, is due to be paid in full.
-Refer to Figure 13.1Definitions:
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