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Semiannual Interest
Interest calculated or paid twice a year, often related to bond or loan agreements.
Straight-Line Method
A method of calculating depreciation of an asset where the expense is uniformly spread over its useful life.
Fiscal Year
A 12-month period used for accounting purposes that may not coincide with the calendar year.
Callable Bond
A bond that can be redeemed or "called" by the issuer before its maturity date, usually at a premium above par value.
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