In Addition to the Interest Earned on a Bond, It

question 55

True/False

In addition to the interest earned on a bond, it is also possible that the actual bond will increase in value over time.

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Definitions:

Liability

The state of being legally responsible for something, especially in terms of owing money or other obligations.

Incorporators

Incorporators are individuals or entities that are involved in creating and registering a corporation with the relevant state authority, completing and filing its articles of incorporation.

Federal Income Tax

A tax levied by the IRS on the annual earnings of individuals, corporations, trusts, and other legal entities.

Legally Operate

To conduct business activities in accordance with the laws and regulations of the jurisdiction in which the business exists.