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Model risk can occur when the wrong pricing models are used.
Federal Government
The national government of a federal country that is responsible for areas of governance assigned to it by the constitution, distinct from state or provincial governments.
Bondholder
An individual or entity that holds the debt security issued by companies or governments, entitling them to receive the bond's face value plus interest.
Shareholder
An individual or organization that owns one or more shares of stock in a public or private corporation, thus holding a portion of the company's ownership.
Corporate Charter
A corporate charter, also known as articles of incorporation, is a legal document that establishes a corporation, outlining its structure, objectives, and the rules governing its operation.
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