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Premium
The amount by which the price of something exceeds its principal or nominal value, often applied to bonds, insurance policies, and preferred stock.
Forward Contract
A personalized agreement between two entities to purchase or sell a specific asset at a predetermined price on a later date.
Thermal Compressors
Devices that use heat energy to compress a gas, often used in heat pump and refrigeration systems.
Spot Rate
The current market price at which a currency can be bought or sold for immediate delivery.
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