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Interest-bearing Notes
A debt instrument that pays interest to the lender, including a specified interest rate and maturity date.
Long-term
Describes assets, liabilities, or financial investments that are expected to be held or have a life span greater than one year.
Contract Rate
The agreed-upon rate specified in a contract that determines the amount of interest to be accrued on financial instruments such as loans or bonds.
Face Value
The nominal or dollar value printed on a security or financial instrument, such as a bond or stock.
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