Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches. Match the following bond and long-term liability related terms to the appropriate/tion. Clear All The excess of the face value of bonds over the issue price. It occurs when the market rate on the bonds exceeds the face rate Callable bonds Bonds that may be redeemed or retired before their specified due date. Face rate of interest Discount The process of transferring a portion of premium or discount to interest expense. This method transfers an amount resulting in a constant effective interest rate. Effective Interest method of amortization The interest rate stated on the bond certificate. It is also called the nominal or coupon rate Carrying value The face value of a bond plus the amount of unamortized oremium or