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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. [1] [2] However, as the open places were just as accessible to faith ...
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 ...
Coupons are normally described in terms of the "coupon rate", which is calculated by adding the sum of coupons paid per year and dividing it by the bond's face value. 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. [1]
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