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Many of the applicants for the front-desk job at our plushest resort hotel, seemed to think that room and board were included in the benefits package.
Maturity
The point in time when a financial instrument, such as a bond or loan, reaches its due date and the principal must be repaid.
Bond
A fixed income investment in which an investor loans money to an entity that borrows the funds for a defined period at a variable or fixed interest rate.
Characteristics Of A Bond
Aspects that define a bond, including its maturity date, face value, coupon rate, and issuer, determining its suitability for investors.
Interest Rate
The cost incurred, calculated as a fraction of the principal, for utilizing assets, charged by the lender to the borrower.
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