Assertion: debt instrument | /r/HasAspect | adequate stated interest
Facets:
value: as a general rule
type: OTHER
Source sentences:
text: As a general rule, a debt instrument has adequate stated interest if it bears interest at least equal to the applicable federal rate (AFR) under Sec.
text: If a debt instrument has a single fixed rate of interest that is paid or compounded at least annually, and that rate is equal to or greater than the test rate, the debt instrument has adequate stated interest.