Examlex
PCP was patented as Sernyl and first tested as
Debenture
An unsecured bond; as such, it provides no lien against specific property as security for the obligation. Debenture holders are, therefore, general creditors whose claims are protected by property not otherwise pledged.
Premium
The amount by which the price of a financial asset exceeds its intrinsic value or the additional cost above the nominal value, such as in insurance or bonds.
Unsecured Bond
An unsecured bond, unlike a secured bond, has no collateral backing and relies solely on the issuer's creditworthiness for support.
Restrictive Covenants
Clauses in contracts that restrict the actions of parties, often found in employment and property agreements to protect business interests or property use.
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