SPECULATOR Definition

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SPECULATOR is an investor who is willing to accept sub­stantial risk for the possibility of a large return.

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SENIOR DEBT/NOTE are loans or debt securities that have a claim prior to junior obligations and equity on a corporation's assets in the event of a liquidation.

INVISIBLE INCOME is foreign income from sources other than the movement of goods; can include earnings from tourism, banking, shipping, insurance and investment.

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