BEAR STEARNS
A financial institution based in New York City that breaks down during the recession crisis in 2008. The fall of Bear Stearns was the outcome of the company's exposure to other securitized debt markets and collateralized debt obligations (CDOs), which it had become overleveraged in. The company was bought by JP Morgan Chase at a half of its former market capitalization.
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GMD
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Tax rate that is neither profitable nor unprofitable for an individual, company, or institution to engage in a certain transaction. It refers to a ...
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Debt incurred for purchasing consumable goods or products that do not appreciate. Normally, an individual gain no benefit from possessing high leve ...
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