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An obligation is a course of action which someone is required to take, be it a legal obligation or a moral obligation.Obligations are constraints; they limit freedom.People who are under obligations may choose to freely act under obligations.
In finance, a bond is a type of security under which the issuer owes the holder a debt, and is obliged – depending on the terms – to provide cash flow to the creditor (e.g. repay the principal (i.e. amount borrowed) of the bond at the maturity date as well as interest (called the coupon) over a specified amount of time. [1]
In corporate finance, a debenture is a medium- to long-term debt instrument used by large companies to borrow money, at a fixed rate of interest. The legal term "debenture" originally referred to a document that either creates a debt or acknowledges it, but in some countries the term is now used interchangeably with bond, loan stock or note.
Created Date: 8/30/2012 4:52:52 PM
Family and friends are mourning Soren Dixon, Jack Nelson and Krysta Tsukahara, all college students who graduated from Piedmont High School in 2023.
Richard George Lipsey, OC FRSC (born August 28, 1928) is a Canadian academic and economist.He is best known for his work on the economics of the second-best, a theory that demonstrated that piecemeal establishing of individual first best conditions would not necessarily raise welfare in a situation in which all first best conditions could not be satisfied, an article that he co-authored with ...
Mortgage and refinance rates for Dec. 19, 2024: Average 30-year, 15-year rates move higher after Fed's quarter-point cut
The House-passed Social Security Fairness Act enjoys rare bipartisan support on Capitol Hill, yet the odds of it getting enacted are growing smaller with each passing day.