Examlex
What is the present value of $888 in a one year if the current rate of interest is five percent?
Ordinary Income
Income earned through wages, salaries, commissions, and interest, as opposed to capital gains, which are realized through the sale of assets.
Income Component
The part of an investment's return that comes from dividends or interest payments, as opposed to capital gains.
Broker-dealers
Firms that trade securities for customers and their own accounts, providing investment services.
Clients' Interests
A principle in financial and legal services that emphasizes prioritizing the needs and goals of clients above those of the professional or the firm.
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