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When working at a computer, position your chair so that your lower legs are ____.
Bond Principle
The face value of a bond, which is the amount to be repaid by the issuer to the bondholder at maturity.
Bankruptcy
A legal process wherein individuals or entities declare their inability to pay back their debts.
Sinking Fund
A fund established by a borrower, setting aside revenue over time to repay a debt or replace a depreciating asset in the future.
Call Provisions
Terms in a bond contract that allow the issuer to repurchase and retire the bond at a specified price before maturity, protecting against interest rate risk.
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