DIVIDEND YIELD Definition

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DIVIDEND YIELD is the annual rate of return, expressed as a percentage, on an investment.

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PAC BOND is a planned amortization class collateralized mortgage obligation (CMO) that provides a set average life within a specified band of prepayment assumptions. PACs are considered the most stable CMO class in terms of average life variability.

COMPLIANCE is following applicable internal control procedures, rules, or laws.

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