PROFESSIONAL SUBSCRIBER Definition

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PROFESSIONAL SUBSCRIBER means all other persons who do not meet the definition of Non-Professional Subscriber. See NON-PROFESSIONAL SUBSCRIBER.

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BILLINGS, generally, is the request for payment of a debt. In accounting, it is sales for which invoicing has been issued.

BARBELL is a bond management strategy where maturities are clustered at extremes of the yield curve. For example, the price performance of one-year and 30-year bonds, in combination, may exceed that of a l0-year, even though the average maturity of the two strategies may be equal.

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