Fixed-Charge Debenture Holders Have the Right to the Proceeds of the Sale

question 7

Multiple Choice

Fixed-charge debenture holders have the right to the proceeds of the sale of the assets:

• A)specified in the debenture,should the bond default.
• B)specified in the debenture that is not already pledged against a fixed charge in any other debenture.
• C)specified in a trust.
• D)at all times.

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Definitions:

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