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We have provided explanations of some commonly used DMU terms. Please click on a letter below.

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A Terms

1. Amortisation
Amortisation refers to principal repayments on loans. These repayments reduce the borrowed money by portions which are usually fixed amounts expressed as a percentage of the whole. Most of the domestic debt has a bullet repayment - the entire principal is repaid at maturity rather than gradually over the term of the loan.

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2. Auction System
An auction is a system by which securities are bought and sold on a competitive bidding process. The auctions are conducted on a multiple-price-bidding basis, which means that the successful investor will receive stocks at the price he bids.