An Indenture Is an Unsecured Long-Term Bond

question 147

True/False

An indenture is an unsecured long-term bond.

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Definitions:

Not-for-Profit Entity

An organization whose primary goal is not to make a profit but to pursue a mission of public or social benefit.

Recipient

An individual or organization that receives something from another entity, often within the context of transactions or awards.

Charitable Entity

An organization established for philanthropic rather than profit-making purposes, benefiting the public or a particular social cause.

Cash Contributions

Monetary gifts made by individuals or organizations to entities such as companies, nonprofits, or trusts, often for specific purposes or projects.