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The prioritized list of resting orders held by the exchange. Each limit order represents an obligation to buy or sell. The most common type of order book is prioritized first by price and them by time…
Fixed-income instruments whose price depends in large part upon judgments of the creditworthiness of a corporation or government.
a process that, over time, tends to drift toward its long-term mean.
a multivariate distribution with uniform marginal distributions. Copulas are mostly used to represent/model the structure of dependence between random variables, separately from the margin…
a payment made by a corporation to its shareholders, usually as a distribution of profits.