A General Claim on Property That Is Not Otherwise Pledged

question 348

Multiple Choice

A general claim on property that is not otherwise pledged is called a:

• A) Collateral bond.
• B) Debenture.
• C) Mortgage bond.
• D) Registered bond.
• E) Bearer bond.

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Definitions:

Marginal Revenue

Additional income received from selling one more unit of a product or service.

Total Revenue

The total amount of money a firm receives from its sales of goods or services, calculated by multiplying the price per unit by the number of units sold.

Average Revenue

The amount of money a company makes for each unit of product sold, which is found by dividing the overall revenue by the number of units sold.

Competitive Market

A market structure characterized by a large number of buyers and sellers, where each has a negligible impact on market price.