Portland Power and Light Recently Issued Bonds That Offered No

question 268

Multiple Choice

Portland Power and Light recently issued bonds that offered no collateral except the reputation and established name of the Portland Power and Light Company.These represent ________ bonds.

• A)debenture
• B)secured
• C)trust
• D)conveyance

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Definitions:

Tight Control

involves closely managing or regulating conditions, processes, or situations to achieve desired outcomes.

Information Management

The process of collecting, storing, organizing, and controlling access to information to support decision-making and other organizational activities.

Sharing

The act of giving a portion of what one has to others, often seen as a cooperative behavior.

Evaluating

Assessing or judging the value, performance, or significance of something based on criteria or standards.