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Also available:
World English Dictionary
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certainty equivalent
cer·tain·ty e·quiv·a·lent
(
plural
cer·tain·ty e·quiv·a·lents
)
noun
Definition:
guaranteed amount preferable to risky payoff:
an amount carrying no risk that an investor would exchange for a risky, but potentially higher payoff
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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