Examlex
Mozart wrote his first opera at age
Face Amount
The nominal value or principal amount of a security stated by the issuer, due to be paid at maturity.
Straight-Line Method
A method of calculating depreciation of an asset, which spreads the cost of the asset evenly over its useful life.
Bond Premium
The amount by which the market price of a bond exceeds its principal amount or face value.
Discount on Bonds Payable
The gap between a bond's face value and its market selling price, occurring when the bond sells below its nominal value.
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