Examlex
Which of the following statements is true?
Installment Notes
Financial instruments that require the issuer to make payments to the holder over a specified period, usually including both principal and interest.
Accrued Interest
The interest on a loan or bond that has accumulated since the principal investment, or last payment, and has yet to be paid.
Principal
The original sum of money borrowed in a loan or the initial amount of investment, excluding any interest or dividends.
Issue Price
The price at which new shares, bonds, or other securities are offered to the public or institutional investors for the first time.
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