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Describe how MADD began and the initiatives started by MADD.
Market Rate
The market rate is the prevailing interest rate available in the marketplace or the current price of a commodity, security, or currency.
Serial Bonds
Bonds issued by an entity that are scheduled for repayment in a series of periodic payments over time.
Premium Amortized
The gradual reduction of the additional cost (premium) paid above the par value of a bond or other financial instrument over its life.
Bond Interest
The periodic payment a bond issuer makes to bondholders for the use of borrowed funds, typically expressed as a fixed percentage of the principal.
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