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Tolman is best known for his argument that
Callable Bonds
Financial securities that allow the issuer the right to redeem the bonds before their maturity date at a specified price.
Installment Note
A debt instrument that requires the borrower to make regular payments of principal and interest over a specified period until the debt is paid in full.
Issue Price
The price at which a company's securities, such as bonds or shares, are first sold to the market.
Registered Bonds
Registered bonds are securities that are recorded in the name of the holder on the issuing company's books, ensuring that interest payments are made to the registered owner.
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