Examlex
To qualify for a 1031 exchange, the property must be an investment property or one that is used in a trade or business (e.g., a warehouse, store, or commercial office building).
Coupon Interest Rate
The annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity.
Market Rate
The current interest rate available in the marketplace for similar financial instruments or loans.
Discount
A reduction applied to the regular price of goods or services, or the amount by which a bond sells below its par value.
Bond Liability
The commitment to repay the principal amount of a bond along with interest, as per the terms agreed upon with bondholders.
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