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The standard used to determine whether a particular counselor is qualified to administer and interpret a particular test:
Par Value
The face value of a bond or stock as stated by the issuing company, unrelated to market value.
Premium
An amount paid in excess of the nominal or face value, often in relation to insurance or bonds.
Tax Deductible
Expenses or payments that can be subtracted from gross income to reduce the amount of income subject to taxation.
Term Bonds
Bonds that have a fixed maturity date on which the principal amount is due to be paid back to investors in full.
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