Examlex
If one borrows $1,000 at 8 percent interest on a discount basis, the effective rate of interest is about 8.7 percent.
Cash Interest
The actual amount of interest paid in cash by a borrower during a given period for the use of borrowed funds.
Interest Expense
The cost incurred by an entity for borrowed funds, reflecting the interest payments due on any type of debt for a specific period.
Issuing Company
A corporation or entity that releases or sells financial instruments like stocks or bonds to raise capital.
Trustee
An independent party appointed to represent the bondholders.
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