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Sometimes people find themselves unable to move their postural muscles immediately after awakening. Why?
Mortgages
Loans specifically created for purchasing real estate, secured by the property itself, which is to be repaid along with interest over a predetermined period.
Mortgage-backed CDOs
Collateralized debt obligations that are secured by mortgage-backed securities as the underlying assets.
Asset
An economic resource that is expected to provide benefits to the owner in future periods.
Default Risk Premiums
The additional yield that investors require to hold debt that has a risk of default over a risk-free debt instrument.
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