Examlex
Vertical communication refers solely to the flow of messages down the hierarchy, or in other words, bosses communicating with subordinates.
Tax Deductible
Expenses that can be subtracted from gross income to reduce taxable income.
Contract Interest Rate
The pre-determined rate at which interest is calculated on a loan or financial agreement.
Face Value
The original cost of a bond or stock, as indicated on the certificate; it is also known as the nominal or par value.
Above Face Value
A situation where a financial instrument, such as a bond, is traded for more than its original issue price.
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