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In the Following Set of Words, Which Is Different Than

question 271

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In the following set of words, which is different than the others?


Definitions:

Bond Debenture

A type of unsecured debt instrument issued by a company to raise long-term funds, without collateral backing.

Corporation Issues Bonds

A financing activity where a corporation raises funds by issuing debt securities, known as bonds, to investors.

Market Rate

The prevailing interest rate available in the marketplace for instruments of similar risk and maturity.

Contract Rate

The interest rate to be paid on the face amount of a bond as specified in the bond indenture.

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