Any-interest-date
Definition
A call provision in a municipal bond indenture that establishes the right of redemption for the issuer on any interest payment due date.
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Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University
Term of the Day
Replacement cost insurance
Insurance that pays out the full amount required to replace damaged property with new property, without taking into account the depreciated value of the property.
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