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What is the reason for the hourglass shape that is used on the worm gear on some manual steering gear?
Bonds Payable
Long-term liabilities representing money owed by a company to bondholders, to be repaid by a specified date.
Issue Price
Issue price is the cost at which new securities are offered to the public by an issuer, determining the initial capital raised from the financial market.
Par Value
The nominal or face value of a security as indicated by the issuer.
Liabilities
Financial obligations or debts owed by a business to another entity, payable in the future.
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