What Does Ratification Mean

question 21

Multiple Choice

What does ratification mean?

• A) the process of rating the aspiration point on a priority basis
• B) the process of getting a contract approved by some other group
• C) the process of deferring the deadline for negotiation
• D) the process of settling a dispute in negotiation process

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Definitions:

Total Discount

The complete reduction from the usual price of goods or services, often applied cumulatively or as a summation of various discount types.

Individual Bonds

Securities that represent a loan from an investor to a borrower, typically a corporation or government, with specified terms for interest payments and return of principal.

Bonds' Market Value

The market value of bonds is the current market price at which these debt securities can be bought or sold, influenced by interest rates, credit ratings, and other factors.

Term Bond

A bond that has a fixed maturity date on which the principal is due to be paid back in full.