FLAT RATE Definition

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FLAT RATE is a per unit price that remains constant regardless of the volume purchased.

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STATED VALUE is the per share value sometimes assigned to no-par stock by the corporation.

EXCHANGE is a. a workplace for buying and selling; open only to members, e.g. New York Stock Exchange; or, b. reciprocal transfer of equivalent sums of money especially the currencies of different countries, e.g. foreign exchange markets.

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