Examlex
A worksheet named Income (2) is most likely which of the following?
Subordinated Bond
A type of bond that has a lower priority than other bonds of the issuer in case of liquidation during bankruptcy.
Debenture
A type of debt instrument that is not secured by physical assets or collateral but based on the creditworthiness and reputation of the issuer.
Unsecured Debt
A type of debt or general obligation that is not protected by a guarantor, or collateralized by a lien on specific assets of the borrower.
Maturity
The time at which payment to a bondholder is due from the issuer, according to the bond's terms.
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