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Actual expenditure might differ from planned expenditure because
Secured Bond
Bond issued by a corporation that pledges specific assets as security to meet the terms of the bond agreement.
Debenture Bond
A type of debt instrument not secured by physical assets or collateral but based on the issuer's creditworthiness and reputation.
Sold at Discount
A sale transaction in which an item is sold for less than its regular or listed price.
Bond Payable
A long-term debt instrument issued by corporations or governments to raise capital, with the obligation to pay back with interest.
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