The Difference Between the Footings of an Account Is Called

question 14

True/False

The difference between the footings of an account is called the balance.

---

Definitions:

Yield To Call

The rate of return anticipated on a bond if it is held until the call date, considering both the interest payments received and the capital gain or loss upon redemption.

Call Price

The price at which a callable bond or preferred stock can be repurchased by the issuer before its maturity date.

Coupon Bond

A type of bond that offers interest payments through periodic coupon payments to the bondholder and returns the principal at maturity.

Yields To Maturity

The total return anticipated on a bond if held until its maturity date, expressed as an annual rate.