Asked by Taylor Johnson Mathias on May 20, 2024
Verified
Provide an appropriate definition of debenture.
Debenture
An unsecured loan certificate issued by a company, backed only by the general creditworthiness and reputation of the issuer.
- Recognize and elucidate diverse bond terminologies and ideas, such as coupon rate, yield to maturity, call protection, and indenture.
Verified Answer
JR
Jannella RodriguezMay 27, 2024
Final Answer :
Unsecured debt, usually with a maturity of 10 years or more.
Learning Objectives
- Recognize and elucidate diverse bond terminologies and ideas, such as coupon rate, yield to maturity, call protection, and indenture.