Match the Terms with the Definitions

question 34

Multiple Choice

Match the terms with the definitions.
-The process of adjusting the bond interest expense account for any premium or discount.

• A)amortization
• B)bond
• C)bond indenture
• D)bond sinking fund
• E)callable bonds
• F)carrying value
• G)convertible bonds
• H)coupon bonds
• I)debenture bonds
• J)discount
• K)face value
• L)market rate
• M)mortgage bonds
• N)premium
• O)principal
• P)registered bonds
• Q)secured bonds
• R)serial bonds
• S)stated rate
• T)term bonds

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Definitions:

Purchase Money Security Interest

A legal claim that allows a lender to repossess or foreclose on property if the borrower fails to repay a loan used to purchase the property.

Bankruptcy

A legal process that allows individuals or entities unable to meet their financial obligations the opportunity to discharge or reorganize their debts.

Court Order

An official proclamation by a judge that defines the legal relationships between the parties to a hearing, a trial, an appeal or other court proceedings.

Repossess

Repossess is the act of a lender or seller taking back property from the borrower or buyer, usually due to failure to meet the terms of payment or other conditions of the agreement.