Examlex
Which of the following administrative interpretations would be generally accorded the force and effect of law?
Zero Coupon
A type of bond that does not pay periodic interest payments but instead is sold at a deep discount from its face value and pays its full face value at maturity.
Imputed Interest
The assumed interest rate used by the IRS for tax purposes on loans with little or no interest, to ensure that tax is collected on essentially interest-free loans.
Call Provision
A clause in a bond's contract that allows the issuer to redeem the bond before its maturity date under specific conditions.
Retire Bonds
The process of paying off or redeeming bonds before or at maturity to eliminate debt obligations.
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