Examlex
Callable bonds are redeemable by the issuing corporation within the period of time and at the price stated in the bond indenture.
Budget Equation
A financial formula that equates an individual's or entity's income to their total expenses.
Leisure
Free time spent away from business, work, and domestic chores, often dedicated to relaxation, hobbies, or enjoyment.
Nonlabor Income
Refers to earnings that do not come from employment or work performed but from other sources such as investments, pensions, or inheritance.
Wage Rate
the standard amount of compensation given for labor services per unit of time, often expressed per hour or year.
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