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Define horizontal and vertical equity and discuss the concepts with respect to legitimacy and usefulness.
Semiannually
Occurring or conducted twice a year.
Retired the Bonds
Retired the bonds means that a company has paid off the principal amount of the bonds before or at maturity, effectively extinguishing the debt.
Contract Rate
A predefined interest rate agreed upon in a financial contract which determines the interest payments for the duration of the contract.
Semiannually
A period occurring twice a year, typically used in the context of payments, interest accrual, or reporting.
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