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__________ innovation is a term used to describe how rapidly and consistently new, information-intensive technologies replace older ones.
Treasury Bond
U.S. government debt instruments featuring fixed interest rates and long-term maturity periods exceeding ten years.
Subprime Mortgages
Loans granted to borrowers with poor credit histories, which carry higher interest rates than standard mortgages to compensate for the higher risk.
Mortgage-backed CDOs
Complex structured finance products that pool together cash flow-generating assets and repackages this asset pool into tranches that can be sold to investors, specifically focusing on mortgage-backed securities.
Variable Rate Loans
Loans with interest rates that can fluctuate over time based on an underlying benchmark rate or index.
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