Examlex
Which of the following words is misspelled?
Market Rate
The prevailing rate at which goods, services, or securities are bought and sold in the market.
Interest Rate
The amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets.
Amortization
The gradual reduction of a debt or the spreading out of capital expenses for intangible assets over a specific period of time.
Bond Payable
A bond payable is a long-term liability where a borrower agrees to pay back a fixed amount of funds at a future date, along with periodic interest payments.
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