Examlex
Which of the following statements is the most accurate?
Interest-Bearing Note
A promissory note that comes with the agreement to pay the holder a fixed amount of interest over a specified period until the principal amount is repaid.
Debenture Bonds
Unsecured bonds that rely on the creditworthiness and reputation of the issuer rather than collateral.
Secured Bonds
Bonds that are backed by specific assets of the issuer as collateral, giving bondholders a claim to those assets if the issuer defaults.
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