Debt Issues Not Secured by Specific Assets Are Called Debentures

question 120

True/False

Debt issues not secured by specific assets are called debentures.

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Definitions:

Eminent Domain

The right of a government to expropriate private property for public use, with compensation to the owner.

Governmental Taking

The act by a government of seizing private property for public use, typically with compensation, under the right of eminent domain.

Private Property

Land or belongings owned by individuals or entities that are not the government, protected by law from unauthorized use or trespass.

Bill of Rights

A formal declaration listing the fundamental rights and freedoms that individuals are entitled to in a society.