The unsecured debts of a ﬁrm with maturities less than 10 years are most literally called:

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Notes are short-term unsecured debt securities issued by corporations and governments with maturities of less than 10 years. Unfunded liabilities refer to future obligations that do not have adequate funding, sinking funds are accounts set up to repay debt, and bonds and debentures typically have longer maturities than 10 years.

The Unsecured Debts of a ﬁRm with Maturities Less Than