Examlex
When is a third-party defendant necessary in a trial,and what purpose does this type of party serve?
Face Value
The nominal or dollar value printed on a bond or other financial instrument, representing the amount to be repaid at maturity.
Municipal Bond
A debt security issued by a state, municipality, or county to finance its capital expenditures.
Corporate Bond
A debt security issued by a corporation to raise capital, whereby the issuer promises to repay the principal along with interest at specified dates.
Tax Bracket
A range of incomes taxed at a specific rate, with different portions of income being taxed at progressively higher rates as income increases.
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