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Bond Redemption
The process of repaying the face value of a bond upon its maturity, thereby fulfilling the issuer's obligations to the bondholders.
Carrying Value
The book value of assets and liabilities on the balance sheet, calculated as the original cost minus any depreciation, amortization, or impairment costs.
Retired
Often refers to the status of an asset that has been taken out of use and is no longer productive.
Interest Rate
The percentage of a loan that a borrower must pay as interest, usually shown as an annual rate based on the outstanding loan amount.
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