Examlex
Which of the following is a required program revenue category in the government-wide statement of activities?
Callable
Callable refers to a provision in certain bonds or securities whereby the issuer has the right to redeem the instrument before its maturity date.
Sinking Fund
A reserve fund established by an issuer of a bond to repay the principal amount of the bond at maturity, often through periodic payments.
Coupon Rate
The interest rate stated on a bond when issued, which represents the percentage of interest to be paid to the bondholder.
Short-Term Interest Rates
Interest rates on loan or deposit instruments that have a maturity of one year or less, often serving as indicators of the overall direction of the economy.
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