Examlex
The answer is: "rational ignorance." What is the question?
Actuarial Information
Data and analysis used to evaluate the financial implications of risk and uncertainty, often used in insurance and pensions.
Market Rate
The dominant interest rate in the market for investments with comparable risk and duration.
Obligation
A duty or commitment to pay money or perform some action in the future, often legally enforceable.
Present Value
Present value is the current worth of a future sum of money or stream of cash flows given a specified rate of return.
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