Examlex
What is the term for a low security level inmate?
Market Rate
The prevailing rate at which goods, services, or securities are bought and sold in the market.
Interest Rate
The amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets.
Amortization
The gradual reduction of a debt or the spreading out of capital expenses for intangible assets over a specific period of time.
Bond Payable
A bond payable is a long-term liability where a borrower agrees to pay back a fixed amount of funds at a future date, along with periodic interest payments.
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