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Callable Bonds
Bonds that the issuer has the right to redeem before their maturity date at a predetermined price.
Fiscal Year
A 12-month period used for bookkeeping, financial reporting, and tax purposes, which may not coincide with the calendar year.
Interest Payable
The amount of interest expense that has been incurred but not yet paid by a company on its borrowings.
Callable Bonds
Bonds that can be redeemed by the issuer before their maturity date at a predefined call price.
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