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Tax Deductible
Expenses or payments that can be subtracted from gross income to reduce the amount of income subject to tax.
Bonds
Long-term securities issued by corporations, municipalities, or governments to raise funds, paying interest to holders.
Call Option
A financial contract that gives the holder the right, but not the obligation, to buy a stock, bond, commodity, or other asset at a specified price within a specified time period.
Callable Bonds
Bonds that give the issuer the right but not the obligation to redeem the bonds before their maturity date, usually at a predefined call price.
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