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A certificate of deposit ( CD) is a time deposit sold by banks, thrift institutions, and credit unions in the United States. CDs typically differ from savings accounts because the CD has a specific, fixed term before money can be withdrawn without penalty and generally higher interest rates. The bank expects the CDs to be held until maturity ...
Since a loan by a borrower is an investment for the lender, both terms can apply to the same transaction, depending on the point of view. For a zero-coupon bond such as a US treasury bill, an annual effective discount rate may be specified instead of an effective interest rate, because zero coupon bonds trade at a discount from their face values.
Coupon (finance) In finance, a coupon is the interest payment received by a bondholder from the date of issuance until the date of maturity of a bond. [ 1] Coupons are normally described in terms of the "coupon rate", which is calculated by adding the sum of coupons paid per year and dividing it by the bond's face value. [ 2]
The original Certificate of Merit was authorized by an Act of Congress related to the expansion of the US Army during the Mexican–American War (1846–1848). The legislation authorized brevets to non-commissioned officers and for privates who distinguished themselves in service "the President may in like manner grant him a certificate of merit, which shall entitle him to additional pay at ...
The American Mathematics Competitions ( AMC s) are the first of a series of competitions in secondary school mathematics sponsored by the Mathematical Association of America that determine the United States of America's team for the International Mathematical Olympiad (IMO). The selection process takes place over the course of roughly five stages.
Floating rate notes ( FRNs) are bonds that have a variable coupon, equal to a money market reference rate, like SOFR or federal funds rate, plus a quoted spread (also known as quoted margin ). The spread is a rate that remains constant. Almost all FRNs have quarterly coupons, i.e. they pay out interest every three months.
The Department of the Army Civilian Service Achievement Medal is awarded for noteworthy achievements that are of a lesser degree than those recognized by the Civilian Service Commendation Medal. It was approved by the Army Chief of Staff, on 24 August 1987. It is the fifth highest award in the Department of the Army Honorary Awards scheme for ...
The Congressional Award is an award given by Congress to outstanding young Americans. In 1979, the United States Congress established the award program to "recognize initiative, service, and achievement in young people." The Congressional Award is a nonpartisan, voluntary, and non-competitive award. The program is open for all individuals from ...