Examlex
When does a shortage occur?
Redeemed
The act of repaying or buying back a security or loan, often before it matures.
Guaranteed Minimum
The lowest amount assured by a contract, regardless of external conditions or outcomes.
Annual Rates
Refers to the interest rate or growth rate over a one-year period, often used in financial contexts.
Strip Bond
A financial instrument resulting from the separation of the coupon payments and the principal of a regular bond, where each part is sold separately as a zero-coupon bond.
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