A General Claim on Property That Is Not Otherwise Pledged

question 348

Multiple Choice

A general claim on property that is not otherwise pledged is called a:

• A) Collateral bond.
• B) Debenture.
• C) Mortgage bond.
• D) Registered bond.
• E) Bearer bond.

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Definitions:

Expenses

Costs incurred by a business in the process of earning revenue.

Indirect Costs

Costs that are not directly traceable to a specific product or service but are necessary for the operation of a business, such as overhead expenses.

Apportion

To divide and allocate proportions or shares of a total amount among different entities based on a set criteria or formula.

Total Cost

The sum of all expenses incurred in producing a product or delivering a service, including direct costs like materials and labor, and indirect costs such as overhead.