CHAIRPERSON OF THE BOARD Definition

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CHAIRPERSON OF THE BOARD is the head of the board of directors of a corporation, and generally considered as head of the firm.

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MORTGAGE BOND is a bond in which the issuer has granted the bondholders a lien against the pledged assets.

CASH DISCOUNT is a refund of some fraction of the amount paid because the purchase price is paid by the buyer in cash, as opposed to making the purchase on credit or, sometimes, credit card or check.

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