Examlex
Which of the following situations is currently normative within the United States?
Debentures
Long-term securities issued by a company that are not secured by physical assets or collateral but by the general credit of the issuer.
Specific Assets
Assets identified and designated for a particular purpose or project, often tied to securing a specific obligation.
Appreciation
A term used in finance and economics to describe the increase in value of an asset over time.
GPS
Global Positioning System, a satellite-based navigation system that provides location and time information in all weather conditions.
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