Examlex
Discuss the effect of an unauthorized signature on an instrument.
Par Value Bond
A financial instrument issued with a stated face value, the amount that will be paid back to the investor at maturity, not necessarily reflecting the bond's market value.
Yield
The income return on an investment, such as the interest or dividends received, expressed as an annual percentage of the investment's cost.
Coupon Rate
The rate of interest on a bond paid yearly, illustrated as a fraction of its par value.
Par Value
The face value of a bond or stock as stated by the issuer, which may differ from its market value. For bonds, it typically represents the amount to be repaid at maturity.
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