Technically speaking, a long-term corporate debt offering that features a speciﬁc attachment to corporate property is generally called:
A)a debenture.
B)a bond.
C)a long-term liability.
D)a preferred liability.
E)None of the above.

Question

Quizplus · Accepted Answer

A bond is a type of long-term corporate debt that often has a specific attachment to corporate property as collateral. This distinguishes it from debentures, which are unsecured and not backed by specific assets.

Technically Speaking, a Long-Term Corporate Debt Offering That Features a Speciﬁc