Examlex
Which of the following is NOT one of the basic resources of a company?
Premium on Bonds
The amount by which the selling price of a bond exceeds its face value.
Callable Bonds
Bonds that can be redeemed by the issuer before their maturity date at a set price, giving issuers flexibility to refinance if interest rates fall.
Contract Rate
A predefined rate agreed upon in a contract, often used in financial agreements, such as loans or leases, specifying the interest rate.
Installment Note
An installment note is a form of debt that requires the borrower to make scheduled payments (including both principal and interest) over a set period until the debt is paid off.
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