Examlex
When waves reach shallow water they tend to be ________, which makes them become parallel to the shore.
Retired Bonds
Bonds that have been paid off or bought back by the issuer before or at maturity, effectively removing them from existence and relieving the issuer of further obligations.
Effective-Interest Method
A method of calculating the amortized cost of a bond and the amount of interest expense over time, by applying a constant interest rate to the carrying value of the bond.
Straight-Line Method
A way of calculating depreciation by evenly spreading the cost of an asset over its useful life.
Premium Amortization
The gradual reduction of the premium paid above the face value of a bond, allocated over the life of the bond.
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