It Is Not Necessary to Keep a Record of Software

question 49

True/False

It is not necessary to keep a record of software activation codes because your computer remembers these codes forever.

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Definitions:

Amortization

The gradual reduction of a debt over a period of time through regular payments that cover principal and interest.

Semiannually

Occurring twice a year or every six months.

Interest Payments

The amount of money paid regularly (typically annually or semiannually) for the use of borrowed funds.

Callable Bonds

Bonds that can be redeemed by the issuer prior to their maturity date at a specified call price.