Examlex
Discuss the purpose of a bank reconciliation.
Term to Maturity
The duration of time left until the expiration or due date of a financial instrument, such as a bond, at which point the principal is supposed to be paid back to investors.
Coupon
A coupon refers to the annual interest rate paid on a bond, expressed as a percentage of the face value.
Yield to Maturity
The total return anticipated on a bond if it is held until it matures, considering all payments of interest and principal.
Semiannually
Taking place semiannually, usually once every six months.
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