Examlex
A public good is available to all regardless of who pays for it and who does not.
Bond Indenture
A legal contract between a bond issuer and bondholders detailing the characteristics of the bond, such as its maturity date, coupon rate, and payment schedule.
Bond Issuer
An entity, such as a corporation or government, that creates and sells bonds to finance its projects and operations.
Fiscal Year
A one-year period used for financial reporting and budgeting purposes, which does not necessarily align with the calendar year.
Semiannual Interest
Interest that's computed and disbursed semi-annually, commonly associated with bonds and loans.
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