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Author Question: Explain the difference between a secured bond and a debenture. What will be an ideal ... (Read 87 times)

cmoore54

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on: Jul 5, 2018
Explain the difference between a secured bond and a debenture.
 
  What will be an ideal response?

Question 2

If any merchandise has been returned, the sales discount is calculated on the net sales amount.
 a. True
   b. False
   Indicate whether the statement is true or false


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Kingjoffery

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Reply #1 on: Jul 5, 2018
Answer to Question 1

A secured bond has collateral to back the bond. If the issuer of the bond does not keep up with the interest payments owed on the bond, then the bondholders have the right to take possession of the collateral that backs the bond. A debenture is a bond backed only by the credit rating of the issuing company. There is no collateral available to bondholders in case of default.

Answer to Question 2

True


cmoore54

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Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)

ktidd

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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