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In the reading, Socrates says, "For I am and always have been one of those natures who must be guided by ..."
Market Rate of Interest
The prevailing rate of interest available in the market for investments of comparable risk and term.
Bond Indenture
A legal contract outlining the terms and conditions between the bond issuer and the bondholders.
Convertible Feature
A characteristic of some bonds or preferred stocks that allows them to be converted into a specified number of common shares, usually at the discretion of the holder.
Floating-rate Bond
A bond whose interest payments vary with market interest rates, as opposed to a fixed-rate bond.
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