_______ Is the Process of Coding Information to Make It

question 3

Short Answer

_______ is the process of coding information to make it unreadable except to those who have a special piece of information known as a key.

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Definitions:

Call Provision

A clause in a bond contract that allows the issuer the right to redeem the bond before its maturity date under specific conditions.

Par Value

The nominal or face value of a bond, share of stock, or coupon as stated by the issuer, often used in the calculation of interest payments and dividends.

Coupon Rate

The annual interest rate paid by a bond expressed as a percentage of the bond's face value.

Current Yield

A bond’s annual interest payment divided by its market price.