Examlex
Fiscal policy in the United States is hampered by its particularly long ________ lag.
Face Value
The nominal or dollar value printed on a financial instrument, such as a bond or stock certificate.
Bond Certificate
A physical document representing the investor's right to receive the principal and interest from a bond issuer.
Semiannual Interest
Interest that is calculated and paid twice a year, often on a bond or loan.
Bond Premium
The amount by which the market price of a bond exceeds its face value, usually occurring when the bond's interest rate is higher than the current market rate.
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