Examlex
Prices in an active market for identical assets is a level ________ fair value estimate.
Bondholders
Individuals or institutions that hold the debt securities issued by corporations or governmental entities.
Discount on Bonds Payable
The difference between the par value of a bond and its lower selling price, recognized as an expense over the life of the bond.
Contract Rate
The agreed-upon interest rate specified in a loan or bond contract.
Market Rate
The prevailing rate of interest for loans or investments within a specific market sector.
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