A Community and Its Physical Environment Are Often Referred to as A(n)

question 16

Short Answer

A community and its physical environment are often referred to as a(n) ________.

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Definitions:

Contract Rate

Rate of interest (based on face value) stated on bond certificate and bond indenture.

Market Rate

The prevailing interest rate available in the marketplace for instruments of similar risk and maturity, also known as the "market interest rate."

Bonds

Financial instruments representing a loan made by an investor to a borrower, often corporate or governmental, that pays periodic interest and the principal at maturity.

Face Value

The amount the corporation must repay to the bondholder at the maturity date.