Examlex
What are the standards that specify the format of data as well as the rules to be followed during transmission?
Certificate of Deposit
A savings certificate with a fixed maturity date and specified fixed interest rate, issued by banks to individuals investing money for a fixed period of time.
Tax Bracket
Categories that tax rates apply to, which are based on levels of income; each bracket has a different tax rate associated with it.
Equivalent Taxable Yield
The yield on a tax-exempt security that would be required to produce the same after-tax yield as a taxable security, given an investor's tax rate.
State Bond
Debt securities issued by a state government to finance its expenditures, offering a way for investors to lend money to the government in exchange for interest payments.
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