FLAT BOND Definition

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FLAT BOND is a bond in default that is quoted and traded without any consideration for accrued interest.

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CONDUCIVE is tending to bring about or being partly responsible for, e.g. current working conditions may not be conducive to productivity.

SALES TAX is a tax levied by a government entity, usually state or city, on the retail price of an item and certain taxable services, collected by the retailer.

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