R&D Definition

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R&D see RESEARCH & DEVELOPMENT.

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DOUBLE LEVERAGE usually refers to a situation where a holding company raises debt and downstreams it as equity capital, or subordinated debt, to a subsidiary, i.e. it is the use of debt by both the parent company and the subsidiary, in combination with the companys equity capital, to finance the assets of the subsidiary.

YIELD TO MATURITY (YTM) is the rate of return the investor will earn if a bond is held to maturity.

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