Examlex
Which statement about call lights is correct?
Subordinated Debentures
A type of debt instrument that ranks below other debts in case of liquidation or bankruptcy.
Debentures
A type of debt instrument that is not secured by physical assets or collateral but is based on the issuer's creditworthiness and reputation.
Junk Bonds
High-yield bonds with a lower credit rating than investment-grade bonds, reflecting a higher risk of default.
Industrial-Development Bond
A government-issued bond to support the development of industrial projects, often tax-exempt for the buyer.
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