Debt That May Be Extinguished Before Maturity Is Referred to As

question 22

Multiple Choice

Debt that may be extinguished before maturity is referred to as:

• A) Sinking-fund
• B) Debentures
• C) Unfunded debt
• D) Callable debt

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Definitions:

Leg Cramps

Sudden, involuntary muscle contractions, often causing pain in the legs.

Mineral

A naturally occurring, inorganic substance with a definite chemical composition and crystalline structure.

Neural Tube Defects

Birth defects of the brain, spine, or spinal cord that occur in the first month of pregnancy due to improper closure of the neural tube.

Folic Acid

A B vitamin essential for cell growth and metabolism, particularly important during pregnancy to prevent neural tube defects.