Targeted Amortization Class (TAC) Bonds: A monetary system under which countries pledge to maintain their exchange rates within a specific margin around agreed-upon, fixed central exchange rates.

 

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Targeted Amortization Class (TAC) Bonds: A monetary system under which countries pledge to maintain their exchange rates within a specific margin around agreed-upon, fixed central exchange rates.

Land Capability (Classification): The quality of soil resources for agricultural use is commonly expressed as land capability classes and subclasses, which show, in a general way, the suitability of soils for most kinds of f . . . View Full Definition

Locus Classicus: (Latin, 'classic place') A passage often cited as authoritative or illustrative on a particular point or subject. For instance, when it comes to explaining what a neologism is, the opening l . . . View Full Definition

Loan Amortization Schedule: The timetable for repaying the interest and principal on a loan.

Junk Bonds: Bonds issued by companies in weak financial condition with large amounts of debt already outstanding: these bonds yield high rates of return because of the high risk.

Job Classification: A method of evaluation used for job comparisons, which groups jobs into a prearranged number of grades, each having a class description and a specified pay range.

Jose Cuervo Classico: Although Clásico was only brought to us in 2003 and has proven to be an ultrasmooth and versatile liquor

Long Bonds: Bonds with a long current maturity. The 'long bond' is the 30-year U.S. Treasury bond.

Luxury Class: The most expensive, high-class accommodations or category of fare.

Municipal Bonds: Bonds issued to finance public improvements such as parks, schools and urban renewal projects.