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What is a convertible bond? How does the convertibility feature affect the bond's price and interest rate?
Recession
A significant decline in economic activity spread across the economy, lasting more than a few months, typically visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.
Unemployment Compensation Benefits
Payments made to individuals who are temporarily out of work, providing financial support during unemployment.
Pink Slip
Informal term for the notice of dismissal given to an employee.
College Graduate
An individual who has received a degree from a college or university, indicating the completion of a specific program of study.
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