Examlex
What criticisms have been directed at functionalist theories?
Convertible
A type of financial security that can be changed into a different form, most commonly a bond that can be converted into shares of the issuing company.
Promised Yield
The return an investor is told to expect from a bond or other fixed-income security, assuming it is held to maturity and all payments are made as scheduled.
Bond A
A financial security that represents a loan made by an investor to a borrower, typically corporate or governmental, which pays interest at predetermined intervals.
Hedging
A strategy used in finance to reduce the risk of adverse price movements in an asset, typically by taking an offsetting position in a related security.
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