Acctg II Ch 12
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9 terms
Terms | Definitions |
|---|---|
 discount on capital stock | An amount less than par or stated value at which capital stock is sold. |
| treasury stock | A corporation's own stock that has been issued and reacquired. |
| bond | A printed, long-term promise to pay a specified amount on a specified date and to pay interest at stated intervals. |
| bond issue | All bonds representing the total amount of a loan. |
| trustee | A person or institution, usually a bank, given legal authorization to administer property for the benefit of property owners. |
| bond sinking fund | An amount set aside to pay a bond issue when due. |
| retiring a bond issue | Paying the amounts owed to bondholders for a bond issue. |
| term bonds | Bonds that all mature on the same date. |
| serial bonds | Portions of a bond issue that mature on different dates. |
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