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Project scope is likely to change during IT projects, as people believe that changing a few lines of code is sufficient.
Contract Rate
A predefined interest rate agreed upon in a financial contract which determines the interest payments for the duration of the contract.
Semiannually
A period occurring twice a year, typically used in the context of payments, interest accrual, or reporting.
Retired the Bonds
The process by which a company pays off or redeems its outstanding bonds before their maturity date, removing the liability from its balance sheet.
Bond Sinking Fund
A reserved fund established by a corporation or government entity to set aside money over time for the purpose of repaying bonds.
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