Examlex
Sound fiscal policy dictates that the maturity of debt should be no longer than the life of the assets it is used to finance.
Accrued Interest
Interest that has accumulated over a period of time but has not yet been paid.
Premium
An amount paid for an insurance policy, or the price above the normal or nominal cost in financial transactions.
Discount
A reduction from the usual cost of something, often expressed as a percentage off the original price.
Convertible Bond
A financial instrument that allows the bondholder to convert the bond into a predetermined number of shares of common stock of the issuing company.
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