Listed Below Are Several Terms and Phrases Associated with Long-Term

question 151

Multiple Choice

Listed below are several terms and phrases associated with long-term debt. Pair each item from List A (by letter) with the item from List B that is most appropriately associated with it.
-Face amount times stated rate

• A)No specific assets pledged
• B)Legal, accounting, printing
• C)Protection against falling rates
• D)Bond price
• E)Backed by a lien
• F)May become stock
• G)Interest expense
• H)Checks are mailed directly
• I)Name of owner not registered
• J)Premium
• K)Discount
• L)Periodic cash payments
• M)Straight-line method
• N)Liquidation payments after other claims satisfied
• O)Bond indenture

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