AGENCIES Definition

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AGENCIES is securities issued by various agencies of the U.S. Government, such as the Federal National Mortgage Association.

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OVERSOLD is the state of the market when much more selling occurs than is warranted by market conditions. If investors and speculators sell large amounts of securi­ties, including short sales, over a period of time, at some point the market will become oversold and buying is likely to increase. Depending upon the degree of buying, prices will either stop falling or will rise. A rise in prices under these conditions is known as a technical rally.

MISCELLANEOUS INCOME is that income realized that is not directly related to the sale of standard products and services.

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