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Surety Financing Company
A surety financing company provides financial guarantees for obligations made by the principal, ensuring contract completion in the event of default.
Discounted
A reduction applied to the regular price of products or services, often used as an incentive for customers.
Maturity Value
The amount payable to the holder of a financial instrument at its maturity date, including principal and any accrued interest.
365-Day Year
A calendar assumption that treats each year as having 365 days for calculating interests or other daily based computations.
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