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Most delegates to the Constitutional Convention were slave owners.
Bond Discount Account
An accounting term representing the difference between the face value of a bond and its selling price when sold at less than its face value.
Serial Bonds
Bonds that mature at different intervals over a period of time, allowing the issuer to retire a portion of the bond issue at regular intervals.
Present Value
The immediate value of a future stream of income or lump sums of money, assessed with a specific interest rate in mind.
Nominal Rate
The interest rate stated on a financial instrument, without adjustment for the full effect of compounding or inflation.
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