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Sometimes customers complain about the most arbitrary things. This morning a woman filed a complaint because the soap in our bathrooms used to be green, but now it's blue.
Which of the following is the meaning of the word "arbitrary" as used in the sentence above?
Bond Payable
A form of long-term debt issued by corporations, governments, or other entities to investors with a promise to pay a specified sum of money at a future date.
Par Value
The face value of a bond or stock as stated by the issuing company, which may differ from its market value.
Semiannually
Occurring twice a year, typically every six months, often used in the context of payments, evaluations, or reporting.
Contract Rate
The contract rate is the interest rate specified in a financial contract or agreement.
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