Definition

Parity

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Parity exists when two or more things are equal to each other. In finance, if two securities like a convertible bond and a stock have equal value, then the bondholder may choose to convert one into the other. This is known as parity.

Term of the day

Value Fund

What is a value fund? A value fund is a type of mutual fund that aims to invest in fundamentally strong stocks but are undervalued. The fund managers’ in......
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