ENTITY Definition

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ENTITY, in business, is a separate or self-contained existence that provides goods or services.

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LOAN is an agreement under which an owner of assets (the lender) allows another entity (the borrower) to use the assets for a specified time period. In return, the borrower agrees to pay the lender a payment (interest) and return the assets (cash) at the end of the agreed upon time period.

STRIPPED BOND is a bond that can be subdivided into a series of zero-coupon bonds.

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