Examlex
An organization is a collection of people working together to accomplish something.
Semiannual
Occurring twice a year; a rephrasing of Semiannual Interest focusing on the period rather than the transaction.
Interest Expense
The cost incurred by an entity for borrowed funds, which can be a bank loan, bond, mortgage, or other forms of debt financing.
Discounted Bond
A bond sold for less than its face value due to prevailing interest rates being higher than the bond's coupon rate.
Amortized
The process of gradually writing off the initial cost of an asset over a period of time or spreading out a loan payment.
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