Examlex
Which of the following is false regarding conflict?
Par-value Share
A type of stock with a nominal face value that companies define in their corporate charter.
Debenture
An acknowledgment of debts by a corporation normally involving more than one creditor; often used interchangeably with “bond,” but whereas a bond is typically secured against a specific asset, a debenture may be unsecured or secured by a floating charge against inventory.
Commonly Used
Refers to something widely adopted or practiced by a large number of people or within numerous contexts.
Bond
A share interest in the indebtedness of a corporation; often used synonymously with “debenture,” though a bond is normally secured against specific assets, while a debenture is likely not.
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