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Describe the 14 steps in a typical international trade transaction.
Interest-Bearing Note
A debt instrument that pays periodic interest payments to the holder until maturity, at which point the principal is repaid.
Bond Debenture
A type of unsecured debt instrument issued by a company to raise long-term funds, without collateral backing.
Corporation Issues Bonds
A financing activity where a corporation raises funds by issuing debt securities, known as bonds, to investors.
Market Rate
The prevailing interest rate available in the marketplace for instruments of similar risk and maturity.
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