Examlex
_____ is the ratio of benefits to the sacrifice necessary to obtain those benefits.
Unsecured Bonds
Bonds issued without collateral, relying solely on the issuer's creditworthiness.
Debentures
A type of long-term debt instrument used by corporations and governments to raise funds, not secured by physical assets or collateral.
Convertible Participating Bond
A type of bond that gives the holder the right to convert it into a specified number of shares of the issuing company and to participate in earnings beyond a specified amount.
Corporate Earnings
The profit a company makes after deducting its operating expenses and taxes, indicative of its financial health.
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