Why Should Wire Run as Short as Possible

question 5

Essay

Why should wire run as short as possible?

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Definitions:

Face Value

The nominal or dollar value printed on a security, such as a bond or stock, representing its legal worth.

Effective Annual Yield

The interest rate on an investment or loan, which is compounded more than once per year, represented as an annual rate.

Interest Payment

The payment made by a borrower to a lender as compensation for the use of borrowed money, typically calculated as a percentage of the principal.

Face Value

The nominal or dollar value printed on a bond or stock certificate; it is the amount paid to the holder at maturity.