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Who,with his personal army of "Red Shirts",invaded and liberated the Kingdom of the Two Sicilies?
Bonds Payable
A long-term liability account that records the amounts owed by a company to bondholders, to be repaid at a future date.
Collateral
An asset pledged as security for repayment of a loan, to be forfeited in the event of default.
Secured Bonds
Bonds that are backed by collateral, providing a safer investment option with lower interest rates due to reduced risk.
Debenture Bonds
Bonds that are unsecured and are issued only on the general credit of a corporation.
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