Technically Speaking, a Long-Term Corporate Debt Offering That Features a Specific

question 32

Multiple Choice

Technically speaking, a long-term corporate debt offering that features a specific attachment to property is generally called a:

• A) debenture.
• B) bond.
• C) long-term liability.
• D) preferred liability.

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Definitions:

Earnings Per Share

A financial ratio that indicates the portion of a company's profit allocated to each outstanding share of common stock.

Journal Entry

The record of a financial transaction in the journal, detailing the accounts and amounts affected.

Convertible Bond

A corporate bond that can be converted into a predetermined number of shares of the issuing company's stock at certain times during its life, usually at the discretion of the bondholder.

Bondholder

An investor or entity that owns bonds issued by a corporation or government, holding a claim on the issuer's assets and income.