CORPORATE BOND Definition

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CORPORATE BOND is evidence of debt owed by a corpora­tion, issued for the purpose of borrowing money, and promising to return the face value of borrowed money at maturity. Corporate bonds usually pay interest at regular intervals twice each year.

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FRS is Federal Reserve System or Financial Reporting Standard.

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

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