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Measures of central tendency
Market Interest Rate
The prevailing rate of interest determined by supply and demand in the money market.
Par
Typically refers to a face value of a bond or stock that is set at issuance, or the stated value of a currency.
Principal Amount
The original sum of money borrowed in a loan, or invested, on which interest is calculated.
Maturity
Maturity is the date on which the principal amount of a bond, loan, or other financial instrument is to be repaid in full to the investor or lender.
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