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Bond Premiums
The amount by which the market price of a bond exceeds its face value, typically due to interest rates being lower than the bond's coupon rate.
Term Bond
A term bond is a type of bond that has a fixed maturity date at which the principal amount is to be paid back to investors.
Maturity Date
The specific date on which the principal amount of a bond, loan, or other financial instrument is due to be paid in full.
Contract Rate
The interest rate specified in a contract, such as that in a loan or bond agreement.
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