Which type of debt takes the form of loans arranged privately between two parties where the lender is usually a bank or other financial institution?
A)Covenant.
B)Debenture.
C)Marketable debt.
D)Non-marketable debt.

Question

Quizplus · Accepted Answer

Non-marketable debt typically involves loans arranged privately between a borrower and a financial institution, where the debt cannot be easily sold or transferred to another party.

Which Type of Debt Takes the Form of Loans Arranged