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Principal
The initial amount of money borrowed or invested, excluding any interest or dividends.
Installments
Regular, often monthly, payments made towards settling a debt or purchasing a product over time.
Callable Bond
A type of bond that gives the issuer the right to repay the bond before its maturity date, usually at a specified call price.
Redeem
The act of exchanging something, such as a coupon or financial securities, for a specific value or service.
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