LYONs Definition

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LYONs is Liquid-Yield Option Notes; zero-coupon convertivle bonds.

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TRANSACTION DATE is the date on which an activity occurs.

CHARTERED FINANCIAL CONSULTANT (ChFC) is a financial planning designation for the insurance industry. ChFCs must meet experience requirements and pass exams covering finance and investing. They must have at least three years of experience in the financial industry, and have studied and passed an examination on the fundamentals of financial planning, including income tax, insurance, investment and estate planning.

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