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Accounting

Study for accounting test 3

QuestionAnswer
Bond Certificate LEgal document that indicates the name of the issuer, the face value of the bonds, and other info such as interest rate and maturity date of the bonds
Bonds A form of interest-bearing notes payable issued by corporations, universities, and governmental entities
Callable bonds Bonds that can be retired at the stated dollar amount prior to maturity.
Capital leave a contractual agreement allowing one party to use the assets o another party.
Convertible bonds Bonds that can be converted into common stock at the bondholder's option.
Created by: soneil5