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Sinking Fund , sinking fund. Originally devised in 1717 as one of numerous schemes to reduce the national debt. Legislation provided that any surplus funds from gov… Bond , Bond
A bond is a type of investment that represents money loaned to a government or corporation. Local, state, and national governments often need to… Bonds , Bonds
Written documents by which a government, corporation, or individual—the obligor—promises to perform a certain act, usually the payment of a def… Junk Bonds , JUNK BONDS. Michael Milken, the notorious investment banker of the 1980s, allegedly coined the term "junk bonds" to describe the portfolio of low-gra… Social Sciences and the Law , debt / det/ • n. something that is owed or due: I paid off my debts | a way to reduce Third World debt. ∎ the state of owing money: heavily in debt.… Public Debt , public debt, indebtedness of a central government expressed in money terms, often referred to as national debt. The debt is computed differently by n…
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NEARBY TERMS
Refunding