FINANCIAL INSTITUTION Definition

FINANCIAL INSTITUTION is an institution (public or private) that collects funds (from the public or other institutions) and invests them into financial assets.

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YIELD TO MATURITY (YTM) is the rate of return the investor will earn if a bond is held to maturity.

ONLINE is access to a computer for immediate processing without having to wait for a batch of transactions to be processed at a later time.

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