Examlex
Which of the following was created in 1957 for purposes of state mandated water planning?
Unamortized Discount
The portion of a bond's issue price that is below its face value and has not yet been amortized over the life of the bond.
Unamortized Premium
The portion of a bond premium that has not yet been amortized or gradually written off over the life of the bond.
Installment Note
A debt instrument that requires a series of periodic payments (installments) of principal and interest over a specific period until the debt is paid off.
Present Value
The current value of a future sum of money or stream of cash flows given a specified rate of return, used in the discounting of future cash flows to understand their value in present terms.
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