Examlex
In an agency by ratification, the agent is relieved of any liability for misrepresentation.
Par Value
The face value of a bond or the stock value stated in the corporate charter, representing the minimum standard value.
Zero-Coupon Bond
A debt security that does not pay interest but is traded at a deep discount, rendering a profit at maturity when the bond is redeemed for its full face value.
Yield To Maturity
The total return anticipated on a bond if it is held until the date it matures, accounting for interest payments and capital gains.
Forward Rate
The predetermined interest rate for a loan or investment that will start in the future, often derived from current yield curves.
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