Examlex
The value of a bond is equal to the present value of the interest payments plus the present value of the maturity value.
Current
Relevant to the present time or most recent; also, a flow of electricity or the flow of water in a river or sea.
Misery Index
An economic indicator created by adding the unemployment rate to the inflation rate, intended to measure economic discomfort.
Year
A period of time equal to 365 days, or 366 in leap years, used for calculating time in calendar terms.
Recession
An interim period of economic fallback, where there’s a noticeable dip in commercial and industrial outputs, customarily marked by a decrease in GDP in two successive quarters.
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