An Agency May Impose in Its Orders Sanctions, Such as Seizing

question 31

True/False

An agency may impose in its orders sanctions, such as seizing property or revoking a license.

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Definitions:

Par Value

The nominal or face value of a security or currency, as stated by the issuer.

Market Rate

The current price or rate at which goods, services, or securities are traded in the open market.

Discount on Bonds Payable

The difference between a bond's face value and its selling price when it is sold for less than its face value.

Contra Liability

An account that offsets a liability account on a company's balance sheet, such as discounts on bonds payable, which reduce the total amount of bonds payable.