Examlex
Redundancy is the use of backup components in a design.
Liability
Financial obligations or debts owed by a company to external parties, such as loans, accounts payable, or mortgages.
Annual Amortization
The process of spreading out a loan into a series of fixed payments over a period, with each payment covering part of the principal amount and interest.
Bond Discount
The situation in which a bond is sold for less than its par (face) value, benefiting investors with higher interest rates than current market rates.
Bond Discount
The discrepancy between a bond's nominal value and its market price when the bond is issued at a price below its nominal value.
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