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When people who are dating break up with one another, they often plan to "just be friends." What happens in reality?
Callable Bonds
Obligations that give the issuer the option to redeem them ahead of their final maturity, at a set price.
Bond Indenture
A legal document specifying the terms and conditions under which a bond has been issued, including the interest rate, maturity date, and covenants.
Fiscal Year
A one-year period used for financial reporting and budgeting that does not necessarily coincide with the calendar year, varying between organizations.
Times Interest Earned
A ratio measuring a company's ability to meet its interest payments based on its operating income, indicating financial health and creditworthiness.
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