BUSINESS TRANSACTION Definition

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BUSINESS TRANSACTION see TRANSACTION.

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MARKET DISCOUNT BOND is any bond having market discount except: short-term obligations with fixed maturity dates of up to 1 year from the date of issue, tax-exempt obligations that you bought before May 1, 1993, U.S. savings bonds, and certain installment obligations.

CHURN RATE is the percentage of customers (e.g., cellular telephone subscribers) that cancels their service per month.

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