During a default situation, a bondholder is better off with a secured loan because debenture bonds don't give the bondholder any protection.
Debenture bonds can allow the bondholder claims against the entire company, rather than just one specific secured asset.
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Q2: One of several reasons that companies might
Q3: When a company defaults on a secured
Q4: In the U.S., bond issuers can be
Q6: Bonds may be recalled only if there
Q8: The call premium tends to increase with
Q10: A bondholder is one that buys the
Q14: Debentures are commonly issued by small companies.
Since
Q15: If a corporation offers greater protection to
Q16: Under a sinking fund provision, money is
Q17: Because of the legal problems associated with
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