Examlex
The legality of an action is always clear.
Bonds
Bonds are debt securities issued by corporations or governments to raise funds, where the bond issuer agrees to pay back the principal along with interest.
Zero Coupon Issue
A bond or debt security that doesn’t pay periodic interest but is traded at a discount, realizing gains at maturity.
Annual Coupon
The yearly interest payment made by a bond issuer to its bondholders.
Market Rate
The prevailing interest rate available in the marketplace on investments or loans.
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