Examlex
Describe the effect that Regents of the University of California v.Bakke had on affirmative action programs in education.
Liabilities
Financial obligations or debts that a company owes to others, which must be repaid.
Closed-end Investment
An investment fund that has a fixed number of shares outstanding, typically traded on a stock exchange, unlike open-end funds that can issue unlimited shares.
NAV
Net Asset Value, the per-share value of a mutual fund or exchange-traded fund, calculated by dividing the total value of all the securities in the portfolio by the number of shares outstanding.
Premium/Discount
Refers to the amount by which the market price of a bond exceeds (premium) or is less than (discount) its face value.
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