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The first step in reflective learning is to
Par Value
The face value of a bond or stock, representing the amount that will be paid back at maturity.
Maturity Date
The date on which a financial instrument such as a bond or loan agreement is due to be repaid in full.
Sinking Fund Provision
A clause in a bond or other long-term debt instrument that requires the issuer to set aside funds regularly to repay the debt before it matures.
Bond Indenture
A legal contract specifying all the terms and conditions between a bond issuer and bondholder, including obligations, rights, and protections.
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