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A critical banner on the Central Methodist Mission in Cape Town compares the Arms Deal to a golden calf. The Strategic Defence Package, popularly known as the Arms Deal, was a major defence procurement programme undertaken to re-equip the South African armed forces for the post-apartheid era. It is commonly associated with the large-scale ...
Believed to be the first coupon ever, this ticket for a free glass of Coca-Cola was first distributed in 1888 to help promote the drink. By 1913, the company had redeemed 8.5 million tickets. [6] Coca-Cola's 1888-issued "free glass of" is the earliest documented coupon. [6] [7] Coupons were mailed to potential customers and placed in magazines ...
An "option ARM" is typically a 30-year ARM that initially offers the borrower four monthly payment options: a specified minimum payment, an interest-only payment, a 15-year fully amortizing payment, and a 30-year fully amortizing payment. [8] These types of loans are also called "pick-a-payment" or "pay-option" ARMs.
The subset of light firearms that only use kinetic projectiles and are compact enough to be operated to full capacity by a single infantryman (individual-served) are also referred to as small arms. Such firearms include handguns such as pistols , revolvers , and derringers ; and long guns such as rifles (and their subtypes), shotguns ...
Zero coupon bonds have a duration equal to the bond's time to maturity, which makes them sensitive to any changes in the interest rates. Investment banks or dealers may separate coupons from the principal of coupon bonds, which is known as the residue, so that different investors may receive the principal and each of the coupon payments.
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