The Process of Systematically Reducing a Bond Discount to Zero

question 58

Short Answer

The process of systematically reducing a bond discount to zero over the life of the bond is called ______________________________.

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Definitions:

Barter

An ancient form of trade where goods or services are exchanged directly for other goods or services without the use of money as a medium.

Balance of Trade Deficit

An economic measure where a country's imports exceed its exports during a specific time period.

Imports and Exports

The practice of bringing goods and services into a country (imports) and sending goods and services out of a country (exports) to engage in international trade.

United States

A country located in North America comprised of 50 states, a federal district, five major self-governing territories, and various possessions, known for its diverse geography, culture, and economy.