Examlex
The use of the historical cost principle is justified because the resulting information has the qualitative characteristics of
Premium
The amount by which the price of a financial asset exceeds its intrinsic value or the additional cost above the nominal value, such as in insurance or bonds.
Unsecured Bond
An unsecured bond, unlike a secured bond, has no collateral backing and relies solely on the issuer's creditworthiness for support.
Restrictive Covenants
Clauses in contracts that restrict the actions of parties, often found in employment and property agreements to protect business interests or property use.
Bond Indentures
The legal and binding agreement between a bond issuer and the bondholders detailing the terms and conditions of the bond.
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