Examlex
The current worth of future income after it is discounted, to reflect the fact that future dollars are worth less than current dollars, is called
Municipal Bond
A debt security issued by municipalities to finance their capital expenditures, typically tax-exempt for investors.
Government Bonds
Securities issued by a government to finance its expenditures, offering a fixed interest rate over a certain period.
Federal Income Tax
A charge imposed by the US federal government on the yearly income of persons, companies, trusts, and other entities.
Interest Rate
The percentage charged on the total amount of borrowed money or paid on investments, over a specific time frame.
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