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Discount on Bonds Payable
The shortfall between a bond's listed face value and the price it achieves in the market when it ends up selling for less than that face value.
Face Amount
The face amount is the nominal or dollar value printed on a financial instrument like a bond or insurance policy, representing the amount due at maturity or the coverage amount.
Bond Redemption
A financial term referring to the process of repaying the principal amount of a bond at its maturity date.
Market Value
Market value refers to the price at which an asset would trade in a competitive auction setting.
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