Examlex
The effective interest rate method of amortizing bond discounts and premiums results in a constant amount of interest expense every period.
Royal Bank
Typically refers to a bank that has been granted a royal charter, recognizing it as a privileged financial institution.
Equitable Assignment
An equitable assignment is the assignment or transfer of rights or interests in a property or contract to another party, recognized by equity and not necessarily by law.
Privity of Contract
A principle stating that only the parties involved in the contract have the rights and obligations under that contract.
Novation
The act of replacing an existing obligation with a new one, thereby extinguishing the original contract and creating a new agreement.
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