Examlex
Which type of law governs private rights and settles disputes between citizens?
Discount
A reduction in the price of goods or services usually to encourage sales or to reward specific groups of customers.
Premium
In finance, a premium refers to the amount by which the price of a financial asset or insurance policy exceeds its intrinsic or face value.
Recorded
The act of entering financial transactions into the accounting records of a company.
Effective-Interest Method
A way of calculating the amortized cost of a bond and of allocating interest expense over the bond's life, reflecting the actual interest rate earned.
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