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Brain development
Unamortized Premium
An unamortized premium refers to the remaining amount of a premium above the face value of a bond that has not yet been expensed over the bond's life.
Market Rate
The prevailing interest rate available in the marketplace for securities or loans at any given time.
Six-Month
A period or duration of six calendar months.
Interest Payment
The cash paid by a borrower to a lender for the privilege of borrowing money, typically based on the interest rate of the loan or debt.
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