Examlex
If an individual is injured by a defective or unsafely designed product, the seller's legal obligation to pay damages is called product liability.
Bond Discounts
The divergence between the stated value of a bond and its decreased sale price.
Bond Premiums
The amount by which the market price of a bond exceeds its face value, often due to interest rates falling after the bond issuance.
Bond Indenture
A legal contract outlining the terms and conditions under which a bond is issued, including the interest rate and maturity date.
Face Amount
The nominal value of a financial instrument as stated on the face of the document, not including interest or earnings.
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