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In an attempt to provide holistic treatment to their patients, a nursing home in England hired prostitutions to attend the sexual needs of their male patients who had been groping the female staff.
Unamortized Discount
An unamortized discount refers to the portion of a bond's initial discount that has not yet been amortized or gradually written off over the life of the bond.
Redeemed
Usually refers to the repurchase or paying off of a debt or equity security at its original value or at a predetermined value before it matures.
Effective Interest Rate Method
The effective interest rate method is a technique for calculating the actual interest rate for a financial product over its life, considering compounding.
Bonds Payable
A long-term liability account that records the face value of the bonds a company is obligated to repay at a specified future date.
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