Examlex
The purpose of scientific research is to generate more accurate and consistent explanations of phenomena and NOT to establish absolute truths.
Contract Interest Rate
The rate of interest stipulated within a financial contract, often determining the amount of interest a borrower must pay on a loan.
Face Value
The nominal value or dollar value printed on a security, such as a bond or stock certificate, representing its value at issuance.
Market Rate
The prevailing interest rate available in the marketplace on a particular debt instrument or the current price of goods, services, or securities.
Contract Rate
The agreed-upon interest rate specified in a contract, such as a loan or bond, which determines the periodic interest payments.
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