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What are first-mover advantages? What are late-mover advantages? Why are they important to international businesses?
Imputed Interest
Interest that is considered to be paid for tax purposes, even though no actual interest payment has been made, often applied to below-market or interest-free loans.
Zero-Coupon Bond
A bond that doesn't pay periodic interest, instead being sold at a discount and maturing at face value.
Semi-Annual Compounding
The process of calculating interest on both the initial principal and the accumulated interest over two periods per year.
Par Value
The face value of a bond or stock, which is the amount paid back to the bondholder at maturity, or a nominal value of a share as stated in the corporation's charter.
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