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CD: The abbreviation for certificate of deposit, which is a type of savings account 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depository institutions that pays higher interest rates that normal savings accounts, but requires the funds not be withdrawn for a specified time period.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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Lesson 13: The Firm | Unit 3: Legal Types
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Page: 16 of 24
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- Attempts have been made to do just that with three modern variations of the original three:
- Limited Partnership A limited partnership is a partnership in which one or more of the partners have limited liability.
- S Corporation An "S" corporation is a corporation that has elected to be taxed under Chapter S of the Internal Revenue Service tax code.
- Limited Liability Company One of the newest types of firms is a limited liability company which is essentially a partnership in which the owners have limited liability.
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PRODUCTION COST The opportunity cost of using labor, capital, land, and entrepreneurship in the production of goods and services. The price received by a seller must be high enough to cover production cost. The law of supply is based on the proposition that production cost increases with an increase in the quantity produced and supplied.
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Approximately three-fourths of the U.S. paper currency in circular contains traces of cocaine.
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"Plans are only good intentions unless they immediately degenerate into hard work." -- Peter Drucker, management consultant
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AMEX
American Stock Exchange
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