Distinguish among refinancing debt and retiring the debt
Distinguish among refinancing the debt and retiring the debt.
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Refinancing the public debt merely refers rolling over outstanding debt—selling “new” bonds to retire maturing bonds. Retiring the debt refer purchasing bonds back through those who hold them or at maturity paying the bonds off.
General Fund (GF): For lawful basis accounting and budgeting aims, the predominant fund for the financing state government programs, employed to account for revenues that are not particularly designated to be accounted for by another fund. The main so
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Final Budget: Usually refers to the Governor’s Budget as amended by actions taken on the Budget Bill (example, legislative changes, and Governor’s vetoes). Note
List and explain the three career opportunities in the field of finance.Finance has three main career paths: financial management, financial markets and institutions, and investments. Financial managem
Describe the term "present value of the firm's operations" (also known as Enterprise Value). What does this number expose? The current value of the company's free cash flows reveals the market value of the firm's core income generating operatio
Out-of-State Travel (OST) blanket: The request by a state agency for Governor’s Office approval of the proposed out-of-state trips to be taken by that agency’s personnel throughout the fiscal year.
Local Assistance (LA): The character of expenditures prepared for the support of local government or other locally administered actions.
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