Examlex
In right to work states, employees are free to join unions or not and do not have to pay union dues or their equivalent.
Holding-Period Return
The total return received from holding an asset or portfolio of assets over a specified period, including interest, dividends, and capital gains.
Treasury Bill
Short-term government securities issued at a discount from the face value and maturing at par, used to finance government spending.
Par
Par refers to the face value of a bond or stock, which is the amount originally paid for it and the amount that will be repaid at maturity.
Geometric Average Return
The compounded annual rate of return over time, accounting for the compounding of investment returns.
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