Gepps Cross Industries Issues Debt with a Maturity of 25

question 105

Multiple Choice

Gepps Cross Industries issues debt with a maturity of 25 years.In the case of bankruptcy,holders of this debt may only claim those assets of the firm that are not already pledged as collateral on other debt.Which of the following best describes this type of corporate debt?

• A)a note
• B)a debenture
• C)an asset-backed bond
• D)unsecured debt
• E)a mortgage bond

---

Definitions:

Constructor

A special method in a class that is called when an instance of the class is created, often used to initialize objects.

Derived Class

This is another term for derived classes, implying a class that inherits properties and behavior from a base class.

Instanceof Operator

An operator used in programming to test if an object is an instance of a specific class or interface, returning true or false.

Instance Variable

A variable defined in a class for which each instantiated object of the class has its own separate copy or instance.