Examlex
_______________ contend with us for the available talent in a particular field.
Convertible Feature
A characteristic of some bonds or preferred stocks that allows them to be converted into a specified number of common shares, usually at the discretion of the holder.
Floating-rate Bond
A bond whose interest payments vary with market interest rates, as opposed to a fixed-rate bond.
Implicit Interest
The interest amount represented in the difference between the present value and the future value of a payment or investment.
Nominal Face Value
The stated value of a financial instrument (e.g., bond) at issuance, unrelated to market value.
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