Which of the Following Is Not a Feature of a Debenture

question 43

Multiple Choice

Which of the following is not a feature of a debenture?

• A)unsecured.
• B)fixed term.
• C)regular coupons.
• D)redemption at face value.

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Definitions:

Civil Law

A legal system originating in Continental Europe, where laws are written and codified, as opposed to being determined by precedent; it governs private matters such as contracts, property, and family law.

Janissaries

Elite infantry units that formed the Ottoman Sultan's guard and army, known for their discipline, loyalty, and unique recruitment methods.

Christian Mercenaries

Historical armed fighters who were motivated by Christian beliefs and hired to serve in foreign armies or engage in private combats during the medieval and early modern periods.

Ottoman Empire

A major empire that lasted from the late 13th century until the early 20th century, centered in modern-day Turkey and extending across parts of Europe, Asia, and Africa.