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What is the most important consumer buying organization in society?
Future Interest
A legal right to property ownership, possession, or enjoyment that begins at a future date.
Effective Interest Method
A technique used in accounting to allocate the discount or premium on bonds payable over their life to interest expense, reflecting a constant rate of interest.
Semiannual
Happening every six months or twice annually.
Par Value
The nominal or face value of a bond, share of stock, or another security, as stated by the issuer.
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