Examlex
Natural resources:
Callable Bonds
Bonds that can be redeemed by the issuer prior to their maturity date, often at a premium price.
Par Value
The face value of a bond or the stock value stated in the corporate charter, which is often a nominal amount.
Call Premium
The extra amount over the par value that a buyer must pay to purchase a call option, which gives the right, but not the obligation, to buy an asset at a specified price.
Zero-Coupon Bond
A type of bond that is sold at a discount to its face value, pays no interest (coupon), and is redeemed at its face value at maturity.
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