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Chapter 14 Glossary - Chapter 14 Glossary Annuity Bearer...

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Chapter 14 Glossary Annuity Series of equal payments at equal intervals. Bearer bonds Bonds made payable to whoever holds them (the bearer ); also called unregistered bonds. Bond certificate Document containing bond specifics such as issuer's name, bond par value, contract interest rate, and maturity date. Bond indenture Contract between the bond issuer and the bondholders; identifies the parties' rights and obligations. Bond Written promise to pay the bond's par (or face) value and interest at a stated contract rate; often issued in denominations of $1,000. Callable bonds Bonds that give the issuer the option to retire them at a stated amount prior to maturity. Capital leases Long-term leases in which the lessor transfers substantially all risk and rewards of ownership to the lessee. Carrying value of bonds Net amount at which bonds are reported on the balance sheet; equals the par value of the bonds less any unamortized discount or plus any unamortized premium; also called carrying amount or book value.
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