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Tax Deductible
Expenses or payments that can be subtracted from gross income to reduce the amount of income subject to taxation.
Term Bonds
Bonds that have a fixed maturity date on which the principal amount is due to be paid back to investors in full.
Serial Bonds
Bonds issued by a corporation or government that are scheduled for repayment at a series of future dates.
Installment Note
A loan that requires regular payments, or installments, of principal and interest over a set period of time.
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