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An executor is a person or an institution, designated in a will, to carry out its instructions and the wishes of deceased person. The executor is appointed by the person who makes the will (testator) or by a court.

Exchange Rate

It the value of a country's currency in terms of another country's currency. It is the rate at which one nation's currency can be exchanged for another.

Equity Financing

The act of raising money for meeting the operational needs of an organization by selling out its shares. The shareholders thereby possess partial ownership rights in the organization in return for the investment made.

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