Examlex
Redistricting can give an advantage to one party by separating groups of similar voters into two or more districts.
Coupon Bond
A debt security that pays the holder a fixed interest rate (coupon) over the bond's life, with the principal amount repaid at maturity.
Market Interest Rates
The prevailing rate of interest available in the marketplace for securities, loans, and deposits, determined by supply and demand dynamics.
Par Value
The face value of a bond or the stock value stated in the corporate charter, which is the nominal value of a security.
Semi-Annual Interest
Interest that is calculated and paid twice a year, commonly found in bonds and certain types of loans.
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