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all kinds of public and private entities are financing themselves through bonds because those don't count as "debt".

Has this been enshrined in Generally Accepted Accounting Practices? Is the coupon now an expense and the bond an asset to the corporation? And is this the practice in most countries?

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Apr 21st, 2011 at 01:39:57 PM EST
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