A Wage Assignment Is an Agreement by an Employee That

question 22

True/False

A wage assignment is an agreement by an employee that a creditor may take future wages as security for a loan or to pay an existing debt.

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Definitions:

Par Value

The face value of a bond or a stock's stated value, as set forth in the corporate charter.

Yield To Maturity

The total return anticipated on a bond if it is held until the maturity date, considering all interest payments at set intervals and the principal repayment at maturity.

Intrinsic Value

The actual, inherent worth of an asset or company, not necessarily matching its current market value.

Zero-Coupon Bond

A debt security that does not pay interest but is traded at a deep discount, rendering profit at maturity when the bond is redeemed for its full face value.