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Proponents of the constructivist approach believe that
Liabilities
Financial obligations or debts owed by a company or individual to creditors, typically categorized as current or long-term.
Rebalancing
The process of realigning the proportions of assets in a portfolio to maintain the original or desired level of asset allocation and risk.
Durations
A measure of the sensitivity of the price of a bond or other debt instrument to changes in interest rates, often used as an indicator of interest rate risk.
Yield Curve
A graph of yield to maturity as a function of time to maturity.
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