MUD Definition

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MUD is Multi Unit Discount.

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EVENT RISK is the risk that the ability of an issuer to make interest and principal payments will change because of rare, discontinuous, and very large, unanticipated changes in the market environment such as (1) a natural or industrial accident or some regulatory change or (2) a takeover or corporate restructuring.

LIMITED LIABILITY is one that does not go beyond the owners investment in the business.

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