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In France, Those Aspiring to Be Judges Have to Spend

question 25

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In France, those aspiring to be judges have to spend 3 years probationary service at a lower court in order to be eligible for a permanent position after passing the second state exam.


Definitions:

Bondholders

Individuals or institutions that hold the debt securities issued by corporations or governmental entities, entitling them to receive interest payments and the return of principal.

Issuing Corporation

A company that sells or offers its shares to the public or to private investors.

Amortization

The process of spreading out a loan into a series of fixed payments over time, or the gradual write-off of the cost of an intangible asset over its useful life.

Bond Premium

The amount by which the market price of a bond exceeds its face value, typically resulting when market interest rates are lower than the bond's coupon rate.

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