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Contract Interest Rate
The agreed-upon rate of interest that will be charged or paid on a financial contract, such as a loan or bond.
Issued at Discount
When a bond or other security is sold for less than its face value.
Semiannually
Referring to an event or action that takes place twice every year, often at six-month intervals.
Par
The face value of a bond or stock as stated by the issuing company, which may differ from its market value.
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