Examlex
If non-series-rated overcurrent devices (standard molded-case circuit breakers) are to be installed in the main switchboard, breakers with adequate ____ must be installed in the panelboards.
Face Value
The nominal value printed on a financial instrument like a bond or stock certificate, indicating its legal worth at issuance.
Implicit Interest
The interest rate that is not explicitly stated but inferred from the difference between the purchase price and the total payments to be made in a financing transaction.
Zero-Coupon Bond
A type of bond that does not pay periodic interest and is sold at a discount from its face value, with the full face value being paid at maturity.
Implicit Interest
The interest represented by the difference between the cash price of a product and the amount financed over time, not directly stated as an interest rate.
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