Examlex
The duration of a five year maturity 10% coupon bond will be higher than the duration of a five year maturity zero coupon bond.
Securities and Exchange Act
A U.S. law enacted in 1934 that governs the securities industry, aiming to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.
Directors
Persons chosen by the corporation's shareholders to supervise management and make important strategic choices for the company.
Due Diligence Defense
A legal defense used in securities law, asserting that all required investigations and disclosures were made appropriately.
Audited Financial Statements
Financial reports that have been reviewed and verified by an independent auditor for accuracy and compliance with accounting standards.
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