INCORPORATION Definition

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INCORPORATION is a legal process through which a company receives a charter and the state in which it is based allows it to operate as a corporation.

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EXCHANGE RATE RISK, in foreign exchange, is the variability of a firm's value due to uncertain changes in the rate of exchange.

DOLLAR BOND is long-term municipal bonds quoted on a decimal or dollar price basis versus other municipal bonds, which are normally quoted on the basis of yield to maturity.

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