A debenture is:
A) The legal agreement between a bond's issuer and the bondholders.
B) Unsecured debt which generally has a maturity of 10 years or more.
C) A bond which pays payments to whoever has physical possession of the bond.
D) A secured bond which is backed by specifically-named collateral.
E) An agreement whereby actions of the issuer are limited for the protection of the bondholders.
Correct Answer:
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