Examlex
When eBay and Amazon.com cut out the majority of middlemen that normally would participate in the exchange process, it is an example of ________.
Indenture
A formal legal agreement, contract, or document between two parties, especially one detailing the terms and conditions of a bond or debenture.
Debenture
A type of debt instrument that is not secured by physical assets or collateral but is backed only by the general creditworthiness and reputation of the issuer.
Mortgage Bond
A bond secured by real estate.
Par Value
The nominal or face value of a bond, share of stock, or coupon as indicated on a bond or stock certificate. It is a static value determined at the time of issuance.
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