Compared with unsecured notes,a debenture can offer:
A) a fixed charge over the issuer's already pledged assets.
B) a floating charge over the issuer's unpledged assets.
C) less chance of sale before maturity, as they are not usually traded.
D) provisions for interest rate changes.

Question

Quizplus · Accepted Answer

Debentures can offer a floating charge over the issuer's unpledged assets, providing a form of security to lenders that unsecured notes do not.

Compared with Unsecured Notes,a Debenture Can Offer