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Bonds Payable
Long-term liabilities represented by promissory notes issued by a company to borrow money, to be repaid at a specific future date along with interest.
Sold at Premium
Refers to the selling of an asset or security at a price higher than its face value or original cost.
Bond Sinking Fund
A fund set aside by a debtor to repay a bond or loan at its maturity, contributing to financial stability.
Future Maturity
A term referring to the date on which an investment or payment becomes due for settlement.
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