Examlex
Because of convexity of the price/yield curve of fixed-interest securities,when interest rates _______,duration will _______ the change in price.
Annual Premium
The amount of money that must be paid once a year to maintain an insurance policy or similar financial product.
Endowment Policy
An insurance policy that pays a specified sum to the policyholder upon a certain date, or to the beneficiaries upon the policyholder's death.
Straight-life Policy
A type of life insurance policy that provides coverage for the policyholder's entire lifetime, with fixed premiums and no expiration.
Maximum Loan
The highest amount of money that a lender agrees to lend to a borrower under specific terms.
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