T/T Definition

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T/T is a payment or financial transaction designation meaning "Telegraphic Transfer" of funds.

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MATURITY VALUE, in securities, is the amount that will be received at the time a security is redeemed at its maturity. For most securities, maturity value equals par value; in insurance, it is the amount payable under a whole life insurance policy if the insured person lives to the last age on the mortality table on which the values of the contract were based.

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

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