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8 Cards in this Set
- Front
- Back
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Principle amount
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the amount the borrower must payback to the bondholders on the maturity date
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maturity date
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the date on which the borrower must pay the principle amount to the bondholder
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stated interest rate
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the annual rate of interest that the borrower pays the bondholders
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term bonds
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all mature at the same specified time
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serial bonds
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mature in installments at regular intervals
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secured bonds
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give the bondholder the right to take specified assets of the issuer if the issuer fails to pay principal or interest
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debentures
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unsecured bonds that are not back by assets only the good will of the bond issuer
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adjunct accounts
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related account that carries the same normal balance as original account
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