Examlex
Use the sum-to-product formulas to rewrite the sum or difference as a product.
Cos 3 + cos 8
Market Rate
The prevailing interest rate available in the marketplace for instruments of similar risk and maturity or the current price of a market-traded security.
Covenants
Agreements or clauses within financial contracts that impose certain conditions or restrictions on the parties involved.
Lender Fraud
Illegal practices committed by a lender, including deceptive actions to take advantage of a borrower or to approve a loan under false pretenses.
Premium On Bonds Payable
The amount by which a bond's selling price exceeds its face value, reflecting higher market interest rates at the time of issuance.
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