Examlex
Which Senate position is mentioned in the Constitution but currently wields little real power, so it is often held by the most senior member of the majority party?
Market Rate
The dominant interest rate in the market for investments with comparable risk and duration.
Obligation
A duty or commitment to pay money or perform some action in the future, often legally enforceable.
Present Value
Present value is the current worth of a future sum of money or stream of cash flows given a specified rate of return.
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