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Meaning / Definition of

Bill Auction

Categories: Bonds and Treasuries,

A public auction of treasury bills conducted on a weekly basis by the u.s. treasury. The winning bid on each issue determines the interest rate to be paid on that issue. Winning bidders may hold, sell, or trade the bills.

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Definition / Meaning of

Home Equity

Categories: Credit and Debt, Real Estate, Legal, ,

The current market value of a house minus how much is owed on it. A home equity loan borrows against this amount.

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