Examlex
Total static-budget variances = activity-level variances + flexible-budget variances.
Zero-Coupon Bonds
Bonds that do not pay interest during their life but are sold at a deep discount, providing profit at maturity when redeemed for their face value.
Face Value
The nominal or dollar value printed on a bond, note, or other financial instrument, representing the amount due at maturity.
Quoted Price
The publicly stated cost or value of a stock, commodity, or financial instrument.
Coupon Rate
The yearly rate of interest that the entity issuing a bond pays to its investors, represented as a proportion of the bond's nominal value.
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