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In finance, a bond is a type of security under which the issuer owes the holder a debt, and is obliged – depending on the terms – to provide cash flow to the creditor (e.g. repay the principal (i.e. amount borrowed) of the bond at the maturity date as well as interest (called the coupon) over a specified amount of time. [1]
An obligation is a course of action which someone is required to take, be it a legal obligation or a moral obligation.Obligations are constraints; they limit freedom.People who are under obligations may choose to freely act under obligations.
Born in Lübeck, Radbruch studied law in Munich, Leipzig and Berlin.He passed his first bar exam ("Staatsexamen") in Berlin in 1901, and the following year he received his doctorate with a dissertation on "The Theory of Adequate Causation".
Indeed, the purpose of an encyclopedia is to collect knowledge disseminated around the globe; to set forth its general system to the men with whom we live, and transmit it to those who will come after us, so that the work of preceding centuries will not become useless to the centuries to come; and so that our offspring, becoming better instructed, will at the same time become more virtuous and ...
Netflix stock (NFLX) closed at a fresh record every day this past week, with shares securing their biggest weekly gain since January — and they could keep soaring. A growing number of analysts ...
It is a notion that students must master the lower level skills before they can engage in higher-order thinking. However, the United States National Research Council objected to this line of reasoning, saying that cognitive research challenges that assumption, and that higher-order thinking is important even in elementary school.
BRICS Tower headquarters in Shanghai. The term BRIC was originally developed in the context of foreign investment strategies. It was introduced in the 2001 publication, Building Better Global Economic BRICs by Jim O'Neill, then head of global economics research at Goldman Sachs and later Chairman of Goldman Sachs Asset Management.
The concept of a forum for the capitalist world's major industrialized countries emerged before the 1973 oil crisis.On 25 March 1973, the United States Secretary of the Treasury, George Shultz, convened an informal gathering of finance ministers from West Germany (Helmut Schmidt), France (Valéry Giscard d'Estaing), and the United Kingdom (Anthony Barber) before an upcoming meeting in ...