HYBRID INSTRUMENT Definition

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HYBRID INSTRUMENT is a package containing two or more different kinds of risk management instruments that are usually interactive.

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PROGRAM BUDGET is a budget wherein inputs of resources and outputs of services are identified by programs without regard to the number of organizational units involved in performing various aspects of the program.

ENTREPRENEUR is the person who assumes the financial risk of the initiation, operation and management of a given business or undertaking. He/She is primarily a financial and/or professional risk taker almost to the extreme.

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