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Karla can speed on a certain stretch of the interstate without being ticketed, yet she decides not to speed because it is unlawful. Karla's reasoning reflects ________ reasoning.
Principal Amount
The original sum of money borrowed in a loan, or invested, upon which interest is calculated.
Loan Term
The length of time over which a loan agreement is scheduled to be repaid.
Callable Bonds
Bonds that can be redeemed by the issuer before their maturity date at a predetermined call price.
Deferred Call Provision
A clause in a bond contract that protects the bond issuer from calling (repurchasing) the bond for a specified period, providing stability to the bondholder.
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