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The "inverted population" necessary for laser action
Unamortized Discount
An unamortized discount refers to the portion of a bond's initial discount that has not yet been amortized or gradually written off over the life of the bond.
Redeemed
Usually refers to the repurchase or paying off of a debt or equity security at its original value or at a predetermined value before it matures.
Effective Interest Rate Method
The effective interest rate method is a technique for calculating the actual interest rate for a financial product over its life, considering compounding.
Bonds Payable
A long-term liability account that records the face value of the bonds a company is obligated to repay at a specified future date.
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