Examlex
Under what conditions will a special allocation of partnership depreciation be recognized? Assume the partnership has no nonrecourse liabilities.
Call Provision
A feature on a bond allowing the issuer to redeem the bond before its maturity date.
Premium Bond
A bond sold at a price higher than its face value, typically because it offers interest rates higher than the current market rates.
Discount Bond
A bond sold for less than its face value, where the difference between the purchase price and the face value represents the investor's return.
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