The Interest Payment on a Bond Is Called a Face

question 75

True/False

The interest payment on a bond is called a face value payment.

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Definitions:

Antilapse Clause

A provision in a will that allows the gifts to substitute beneficiaries if the original beneficiary is deceased.

Grace Period

A grace period is a set length of time after a due date during which a payment can be made without penalty.

Commercial Insurance

Insurance that covers some type of business risk.

Business Risk

The possibility that a company will have lower than anticipated profits or experience a loss rather than making a profit.