Examlex
Which of the following is true regarding performance appraisals and internal selection?
Contract Rate
The agreed-upon interest rate in a lending agreement, bond, or other financial contracts.
Market Rate
The prevailing interest rate available in the market for securities of a similar risk and maturity, or the standard rate charged or paid for a specific service or commodity.
Face Amount
The nominal value or principal amount of a security stated by the issuer, due to be paid at maturity.
Straight-Line Method
A method of calculating depreciation of an asset, which spreads the cost of the asset evenly over its useful life.
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