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3
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The tranche of debt at the top of the capital structure; often has the highest recovery value
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4
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The specific date on which the issuer promises to return the investor's principal
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5
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This market includes investment-grade and high-yield
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7
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Backed only by the promise of the issuer to repay interest and principal on a timely basis; secured by the general credit of the issuer
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8
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Equity at the bottom of the capital structure; often has the lowest recovery value
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9
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Securities issued by companies to raise capital to carry out strategic objectives
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10
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Mostly tax-exempt securities issued by local government entities
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11
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The order of repayment
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