Examlex
A subclass inherits all the features from its superclass.
Market Rate
The prevailing rate of interest for loans or investments within a specific market sector.
Journal Entry
A record in accounting that consists of a debit and credit action to document a business transaction in the general ledger.
Bonds Payable
This is a long-term liability account on a company's balance sheet, representing bonds that the company is obligated to repay at their maturity dates along with interest.
Callable Bonds
These are obligations the issuer may pay off before they come due, at an agreed upon price.
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