CALL PRICE Definition

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CALL PRICE is the price at which a bond is callable prior to maturity, often at a small premium over par value.

Learn new Accounting Terms

CHAPTER S or SUBCHAPTER S is a legal corporate entity organized under the United States Federal Tax Code that allows Subchapter S Corporations to distribute all income / loss proportionately to its shareholders, who then claim that income / loss on their personal income taxes; thereby avoiding the payment of corporate taxes.

REAUDIT is when an auditor is asked to audit and report on financial statements
that have been previously audited and reported upon.

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