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There were 11 earthquakes M>6.9 on the San Andreas Fault between 1812 and 1994.On average, how many years pass between earthquakes of this size, somewhere along the fault?
Effective Interest Method
A technique used in accounting to allocate the interest expense or income over the life of a financial instrument such as a bond or a loan.
Bond Premium
The amount by which the market price of a bond exceeds its face value, often because it offers an interest rate higher than the current market rates.
Callable Bond
A type of bond that gives the issuer the right to repay the bond before its maturity date at a predetermined call price.
Term Bond
A bond that reaches its maturity date at the same time, where the principal amount is due in a lump sum at the end.
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