This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Explain the difference between a secured bond and a debenture. What will be an ideal ... (Read 89 times)

cmoore54

  • Hero Member
  • *****
  • Posts: 568
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Kingjoffery

  • Sr. Member
  • ****
  • Posts: 332
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

  • Member
  • Posts: 568
Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)

gcook

  • Member
  • Posts: 343
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

3-13 Formation of a peptide bond by condensation 3-13 Formation of a peptide bond by condensation
Formation of a peptide bond by a condensation reaction. Formation of a peptide bond by a condensation reaction.
How to Factor a Sum or Difference of Two Cubes How to Factor a Sum or Difference of Two Cubes
Covalent and noncovalent bond energies Covalent and noncovalent bond energies
E9-23 Prepare income statements Explain the difference in operating income E9-23 Prepare income statements Explain the difference in operating income
Covalent bond Covalent bond
Video: DNA Replication Factory and Protein

For a complete list of videos, visit our video library