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CERTIFICATE OF DEPOSIT: A type of savings account, commonly termed CDs, maintained by banks and other depository institutions that pays higher interest rates that normal savings accounts, but requires the funds not be withdrawn for a specified time period. Small denomination CDs (under $100,000) are a component of the M2 monetary aggregate. Larger denomination CDs (over $100,000) are a component of the M3 monetary aggregate.
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TAX EQUITY The notion that taxes are imposed on society in a fair and equitable way. The two standards of fairness and equity used to evaluate taxes are the benefit principle -- those who benefit from government pay the taxes, and the ability-to-pay principle -- those with the most income pay the taxes. The ability-to-pay principle gives rise to two additional notions of fairness -- horizontal equity (those with equal incomes pay equal taxes) and vertical equity (those with different incomes pay different taxes).
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GRAY SKITTERY
[What's This?]
Today, you are likely to spend a great deal of time searching for a specialty store seeking to buy either a rim for your spare tire or decorative celebrity figurines. Be on the lookout for letters from the Internal Revenue Service.
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Sixty percent of big-firm executives said the cover letter is as important or more important than the resume itself when you're looking for a new job
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"Wise men speak because they have something to say; Fools because they have to say something. " -- Plato, philosopher
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VIR
Variable Interest Rate
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