Examlex
A bond's price does not affect the amount of each interest payment.
Tender
An offer of payment or service in fulfillment of an obligation, such as in contract performance or debt repayment.
Material Breach
A significant violation or failure to perform a contract's stipulated duty, justifying the other party's termination of the agreement.
Nonbreaching Party
An entity or individual in a contract who has not violated any terms of the agreement.
Satisfaction
The fulfillment or discharge of an obligation such as paying off a debt, completing a contractual duty, or resolving a legal claim.
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