Examlex
The population of a cactus species in a particular area has two to seven spines with an average of four spines per square centimeter of surface area.Cacti with fewer than four spines per square centimeter are more easily eaten by the wild boars thriving in the area.Over time,the population of this cactus species in this area have an average of six spines per square centimeter of surface area.This is an example of
Unsecured Bond
A bond that is not backed by collateral or specific assets and is solely based on the issuer's creditworthiness.
Face Value
The nominal or original value of a security or currency as stated by the issuer, not necessarily its market value.
Credit Rating
An assessment of the creditworthiness of a borrower, either a business or a governmental entity, reflecting their ability to repay borrowed money.
Bondholder
An investor who owns bonds issued by a corporation or government, entitling them to receive fixed interest payments.
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