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Describe the concept of functionalism.Who was most closely associated with this approach?
Long-term Bonds
Bonds with maturities typically longer than 10 years, offering the potential for higher yields but also greater price volatility and interest rate risk.
Tax-loss Selling
The practice of selling securities at a loss to offset a capital gains tax liability.
Capital Losses
The loss incurred when a capital asset is sold for less than its original purchase price.
Endowment Funds
Long-term funds established by donations that are meant to support a particular organization or cause, where the principal remains intact and the investment income is used for specific purposes.
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