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Two Important Types of Innovation Are _______________

question 43

Multiple Choice

Two important types of innovation are _______________.


Definitions:

Bond Covenant

Legal agreements between bond issuers and bondholders that specify terms and conditions to protect the interests of both parties.

Sinking Fund

A savings fund accumulated over time for the specific purpose of paying off a debt or replacing a capital asset in the future.

Bond Issue

The act of a borrower issuing bonds to raise funds from investors who will be repaid at a later date, typically with interest.

Elite Democrats

A reference to members of the Democratic Party in the United States who possess significant influence, power, or wealth.

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