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What is defined as the removal or destruction of disease-causing organisms or infected material by using hygienic measures, cleaning agents, antiseptics and/or disinfectants?
Par Value
The face value of a bond or stock as stated by the issuing company.
Semiannual
Occurring twice a year or every six months.
Effective Interest Method
An accounting method for calculating the interest income or expense on a bond or loan to reflect the actual economic rate over the financial instrument's expected life.
Interest Expense
An expense incurred from borrowing money, represented as the cost of interest for the borrowed funds.
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