Examlex
Match each definition with the correct term below.
-Compensating balance
Prepaid Property Tax
An expense that has been paid in advance for property taxes, recognized as a current asset until the period it covers arrives.
Bonds
Fixed income investments representing a loan made by an investor to a borrower, often corporate or governmental, which pays periodic interest payments.
Discount
A reduction from the full price or value of a good, service, or financial instrument.
Face Amount
The nominal value stated on the face of a financial instrument, such as a bond, that the issuer promises to pay at maturity.
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