SERVICE CERTIFICATES
Service Certificates are bond-like certificates for World War I (WWI) veterans. Service certificates had face value that are the same as bonds where the payment at maturity incorporated compound interest. These certificates, once they achieve maturity, were promised to be paid to the veterans. In 1924, under the Adjusted Service Certificate Law in 1924, service certificates were distributed to WWI veterans which assured them that eligible soldiers will be receiving bonuses that will be redeemable in the year 1945.
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Robert C. Merton
American economist who won the 1997 Nobel Memorial prize in Economic Sciences, along with Myron Scholes, for developing the Black-Sholes model, whi ...
Buy Stops Above
Recommendation to purchase a given security once a security’s price surpasses a particular resistance level by putting a buy stop order at th ...
Admitted Company
An insurance company admitted and allowed by an another state to transact insurance business despite having a domiciled status on an another state. ...
Black Box Model
Computer program, process, or system processing the information entered by the user using pre-programmed logic in order to produce the user’s ...
Form 3903
A form issued by the IRS and used by taxpayers to deduct moving expenses related to taking a new job.
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