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What was true about the kingdom of Dahomey?
Interest Payment
A payment made to a lender by a borrower as compensation for the use of borrowed money, typically expressed as an annual percentage of the loan balance.
Zero-Coupon Bond
A type of bond that does not pay periodic interest payments and is instead issued at a deep discount to its face value.
Implicit Interest
The cost of borrowing that is not explicitly stated as an interest rate, often factored into the terms of leases or other financial agreements.
Face Value
The nominal or dollar value printed on a security, such as a bond or stock, representing its legal worth.
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