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Which of the following statements best describes the ideology of Thomas Hobbes?
Unamortized Premium
The portion of a bond premium that has not yet been amortized (gradually written off) over the period of the bond's life.
Face Value
The nominal or dollar value printed on a security or a bond, representing its legal value.
Instalment Payment
A method of payment whereby the total cost of a purchase is divided into smaller amounts, to be paid over a specified period of time.
Loan
Borrowed money that is expected to be paid back with interest over a set period of time.
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