TEST Definition

TEST, in statistics, is taking a ample from a population to estimate characteristics of the population.

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FACE-AMOUNT CERTIFICATE is a debt security issued by face amount. The holder makes payments periodically to the issues, and the issuer promises to pay the purchaser the face value at maturity or the surrendered value if the security is presented by the maturity specified in the certificate.

MEMORANDUM ACCOUNT see SPECIAL MEMORANDUM ACCOUNT.

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