Examlex
Classify each of the following as:
-Installing a new air conditioning system in an old building
Prepaying Bonds
The action of repaying the principal of a bond before its maturity date, often as a way to manage debt or save on interest costs.
Outstanding Bonds
Bonds issued by an entity that are currently not redeemed and are in the hands of investors.
Semiannual Interest
Interest that is calculated and paid twice a year on investments or loans.
Par Value
The nominal or face value of a stock or bond, which is the amount stated on the certificate or instrument.
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