MATURITY VALUE, in securities, is the amount that will be received at the time a security is redeemed at its maturity. For most securities, maturity value equals par value; in insurance, it is the amount payable under a whole life insurance policy if the insured person lives to the last age on the mortality table on which the values of the contract were based.
WORK CENTER, normally, is an individual production area or sub-process of an overall manufacturing process.
WIDGET is a device that is very useful for a particular job. Often used within a name of a fictitious company.
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