Examlex
Jeff has just turned 2 years old.About how many words can he use?
Zero-coupon Bonds
Bonds that do not pay periodic interest payments and are instead issued at a deep discount to their face value, maturing at par.
Treasury Bill
A Treasury Bill (T-Bill) is a short-term government debt obligation backed by the Treasury Department with a maturity of one year or less.
Par Value
The nominal or face value of a bond, share of stock, or coupon as indicated on a certificate or instrument.
Effective Annual Yield
The return on an investment expressed as an annual rate, taking into account the effect of compounding interest.
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