Examlex
Allopatric speciation requires
Discount on Bonds Payable
The difference between a bond's face value and its selling price when it is sold for less than its face value.
Contra Liability
An account that offsets a liability account on a company's balance sheet, such as discounts on bonds payable, which reduce the total amount of bonds payable.
Liability
An obligation of an entity arising from past transactions or events, the settlement of which may result in the transfer or use of assets, provision of services, or other yielding of economic benefits in the future.
Par Value
The face value of a bond or stock as stated by the issuing company.
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