Long-term debt is sometimes called:
A) funded debt.
B) secured debt.
C) unfunded debt.
D) unsecured debt.

Name: Long-term debt is sometimes called: A) funded debt. B) secured debt. C) unfunded debt. D) unsecured debt.
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Question

Quizplus · Accepted Answer

Long-term debt is often referred to as funded debt because it is financed through bond issues or long-term loans, essentially providing funding for the company's operations or expansion over a longer period.

Long-Term Debt Is Sometimes Called