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Par Value
The face value of a bond or stock as stated by the issuing company, which may not reflect its market value.
Semiannual
Occurring twice a year; a term often used in the context of interest payments, dividends, or certain financial reporting periods.
Interest Expense
The cost incurred by an entity for borrowed funds, frequently appearing as a line item on the income statement.
Market Rate
The prevailing interest rate available in the marketplace for securities or loans, varying with the demand, supply, and risk.
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