Examlex
List the three categories of the balance sheet. For each category, provide the definition and examples of two types of accounts that are found in that particular category.
Subordinated Debentures
Bonds that have a lower priority than other debt obligations in case of liquidation, often carrying higher risk and yield.
Bonds
Fixed income investments where an investor loans money to an entity (corporate or governmental) that borrows the funds for a defined period at an interest rate.
Promissory Notes
Written promises to pay a specified sum of money to a certain entity on demand or at a defined future time.
Amortized Debt
A loan that is paid off over time through a series of fixed, regular payments that cover both principal and interest.
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