Examlex
If a company borrows money, it must pay back a portion of the amount it borrowed plus _____.
Market Rate
The prevailing interest rate available in the marketplace on investments, loans, and deposits, determined by supply and demand factors.
Discount on Bonds Payable
The amount by which a bond's selling price is less than its face value.
Bonds Payable
Long-term liabilities representing the amount a corporation owes to bondholders by a specified maturity date.
Contract Rate
The agreed-upon interest rate specified in a contractual agreement, such as a loan or bond.
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