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Contra Account
An account used in accounting to reduce the value of a related account; it has a balance opposite to the normal account balance.
Par Value
The face value of a bond or the stock value stated in the corporate charter, which may differ from its market value.
Carrying Value
The book value of an asset on a company's balance sheet, calculated as the original cost minus accumulated depreciation.
Loss On Redemption
The financial loss incurred when a debt instrument, such as a bond, is repaid before its maturity date.
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