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The 50% Rule in English faith school admissions introduced in 2010, stipulating that where newly established academies with a religious character are oversubscribed, at least 50% of their places would be open places, i.e. allocated without reference to faith. The rule is sometimes referred to as the Faith Cap on admissions.
For example, if a bond has a face value of $1,000 and a coupon rate of 5%, then it pays total coupons of $50 per year. Typically, this will consist of two semi-annual payments of $25 each. 1945 2.5% $500 Treasury Bond coupon
Off-price. Off-price is a trading format based on discount pricing. Off-price retailers are independent of manufacturers and buy large volumes of branded goods directly from them. The off-price retail model relies on the purchase of over-produced, or excess, branded goods at a lower price, thus being able to sell to consumers at a discount ...
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