A Security

question 27

Multiple Choice

A security

• A) is a claim or price of property that is subject to ownership.
• B) promises that payments will be made periodically for a specified period of time.
• C) is the price paid for the usage of funds.
• D) is a claim on the issuers future income.

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Definitions:

Listed

Refers to securities that have been admitted to trading on a formal exchange, ensuring they meet certain criteria and standards.

Debit Balance

A balance occurring when the sum of debits in an account exceeds the sum of credits.

Credits

Accounting entries that can either decrease assets or increase liabilities and equity on a company's balance sheet.

Debits

In accounting, an entry recorded on the left side of a double-entry bookkeeping system that increases an asset or expense account, or decreases equity, liability, or revenue accounts.