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| Investment |
| Investment, in its broadest sense, means the sacrifice of current dollars for future dollars. Two different attributes are generally involved: time and risk. The sacrifice takes place in the present and is certain. The reward comes later, if at all, and the magnitude is generally uncertain. |
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In some cases time predominates (for example, government bonds). In other cases risk is the dominant attribute (for example, call options on common shares). In yet others, both time and risk are important (for example, shares of common stock). |
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