Funded debt refers to those liabilities that:
A) have established a sinking fund for repayment.
B) are not callable at the option of the firm.
C) are secured by specific collateral.
D) have a maturity of more than one year remaining.

Question

Quizplus · Accepted Answer

Funded debt refers to all long-term debt with maturities of more than one year, regardless of whether or not they have established a sinking fund for repayment, are callable at the option of the firm, or are secured by specific collateral.

Funded Debt Refers to Those Liabilities That