STRONG Definition

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STRONG, from a corporate perspective, usually means having or wielding force or authority within that entitys market segment or niche.

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PERSISTENT EARNINGS is the level of earnings, from accounting to accounting period, that are continually recurring.

OBLIGATION BOND is a bond signed by a mortgagor (borrower) for an amount greater than the loan amount. Such a bond creates a personal obligation on the part of the borrower and assures the lender of recourse in case of nonpayment of property taxes and insurance or past due interest on the mortgage.

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