Examlex
Corporations are likely to exercise call provisions whenever interest rates fall significantly below a bond's coupon rate.
Employer-Employee
The legal relationship between a person who hires and pays another to perform specific duties, typically guided by a contract or agreement.
Partners
Individuals who share ownership of a legal entity or business, often sharing profits, losses, and managerial responsibilities.
Principal
Principal refers to the amount of money originally invested or loaned, on which interest is calculated.
Authorized
Officially permitted or endowed with legal power or right by a legal or regulatory body.
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