MONTHLY Definition

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MONTHLY is: a. Once a month; every month; from month to month; or, b. Done, produced, or occurring once a month. 

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INTEREST DATES are the dates on which interest is payable to the holders of bonds: for government, corporate and municipal bonds, twice a year; for mortgage-backed securities, every month, and for foreign securities typically once a year.

INTEREST-BEARING means paying interest.

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