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What is the name for demand caused by the demand for a higher-level item? __________________________
Rate of Return
The gain or loss on an investment over a specific period, expressed as a percentage of the investment's initial cost.
Debt Ratings
Assessments provided by rating agencies that evaluate the creditworthiness of debt issuers and their financial instruments.
Default Risk
Default risk is the chance that a borrower will be unable to make the required payments on their debt obligations.
Interest Rate Risk
The risk of loss to an investor from changes in the price of a bond that arise from changes in the market interest rate. Also called price risk and maturity risk.
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