Which of the Following Describes a Debenture

question 35

Multiple Choice

Which of the following describes a debenture?

• A)a bond that repays principal in installments
• B)a bond that gives the bondholder a claim for specific assets if the issuer fails to pay principal or interest
• C)a bond that matures at one specified time
• D)a bond that is not backed by specific assets

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Definitions:

Fourth of July

An American federal holiday commemorating the adoption of the Declaration of Independence on July 4, 1776, marking the country's independence from Great Britain.

Uncle Tom's Cabin

A novel by Harriet Beecher Stowe that was published in 1852, highlighting the harsh realities of slavery in America and contributing significantly to anti-slavery sentiments.

Slaves

Individuals forced into servitude without personal freedoms or rights.

Slave Owners

Individuals or entities that owned, bought, and sold enslaved people as property, primarily in historical contexts such as pre-Civil War America.