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reoffering yield (G1)<br />The yield based on the price a syndicate offers a government bond to the public after its original acquisition from the issuer. It takes into account the premium or discount since the launch of the bond.
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<strong>Secondary market</strong> – An entity that purchases education loans from eligible lenders. The secondary market obtains funds from investors or public bonds and uses those funds to purchase existing education loans from lenders.
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gestation period (E2)<br />The time it takes for production or a capital project to be completed. CLASSICAL ECONOMISTS, e.g. RICARDO, asserted that the average period was twelve months, as in agriculture where there is only one harvest per year.
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