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In most cases,a contract that prohibits its assignment can still be assigned.
Bond Premium
The excess value of a bond above its face value in the marketplace.
Straight-Line Method
A depreciation method that allocates an equal amount of the depreciable cost of an asset to each year of its useful life.
Semiannual Interest
Interest that is calculated and paid twice a year.
Bond Premium
When a bond's selling price surpasses its original issued cost, known as its face value.
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