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Bond Discount
The difference between the face value of a bond and its selling price when the bond is sold for less than its face value.
Premium
An amount paid in addition to a standard price, rate, or value, often indicating a higher level of quality or service.
Serial Bonds
Bonds issued under the same contract that mature at different dates, allowing the issuer to spread out the repayment over time.
Carrying Amount
The value at which an asset is recognized on the balance sheet, calculated as the original cost minus accumulated depreciation and impairment losses.
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