Examlex
Why do food chains rarely have more than three or four links?
Discount Yield
A measure of a bond's return, calculated as the bond's discount from its face value divided by its face value, expressed as a percentage.
Bond Market
The financial market where participants can issue new debt, known as the primary market, or buy and sell debt securities, known as the secondary market.
Over-The-Counter Market
A decentralized market, without a central physical location, where participants trade stocks, commodities, currencies, or other instruments directly between two parties without a broker's intermediation.
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