Examlex
Like computers,smart cards have an underlying ________.
Callable Bond
A callable bond is a type of bond that gives the issuer the right to repay the bond before its maturity date, at a predetermined call price.
Leveraged Firm
A company that uses borrowed funds or debt to finance its operations or acquisitions, aiming to increase potential returns to equity owners.
Standard Deviation
A measure of the dispersion or variation in a set of values, indicating how much the values deviate from the mean.
Zero-coupon Bonds
Bonds that do not pay periodic interest payments and are issued at a deep discount to their face value, with the face value repaid at maturity.
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