A(n)__________________________ Gap Means That for a Parallel Increase in All

question 152

Short Answer

A(n)__________________________ gap means that for a parallel increase in all interest rates,the market value of net worth will tend to decline.

---

Definitions:

Statute of Limitations

The law that sets the maximum period one can wait before filing a lawsuit, depending on the type of case or claim.

Nonconforming Goods

Products delivered under a sales contract that fail to meet the specifications, quality, or quantity required by the agreement.

Remedy

The means by which a violation of rights is compensated or the enforcement of rights is achieved, generally through legal proceedings.

Notification of Breach

A formal notice that a party to a contract has failed to perform an obligation, violating the terms of the agreement.