AUTHORITATIVE PRONOUNCEMENT Definition

AUTHORITATIVE PRONOUNCEMENT is a formal declaration of opinion sanctioned by established authority.

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DENAR (DENARI) is a currency of Macedonia.

OPEN REPURCHASE AGREEMENT is a repurchase agreement with no set maturity date and often a rate of return that fluctuates on a daily basis, depending on market rates. The yield on this type of investment is higher than on a daily repurchase agreement because the agreement often runs several days and the dealer usually requires some short notice before the investor can withdraw funds.

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