Regarding corporate bonds, if the issuing firm does not pledge specific assets as collateral, the bond is called a _
a. debenture
b. mortgage
c. chattel mortgage
d. note
A
You might also like to view...
Shareholders elect a panel of decision makers known as the ________
A) registered agents B) corporate officers C) stakeholders D) board of directors
The post-closing trial balance shows the net income for the period just ended
Indicate whether the statement is true or false
Palmere owed Witmore $2,000 . According to the terms of the agreement the money is due at noon on March 1 at Witmore's place of business. If Palmere tenders $2,000 in cash at the agreed place
a. on March 2, Palmere will be discharged if Witmore refuses to accept. b. at noon on March 1, Palmere will be discharged if Witmore refuses to accept. c. at noon on March 1, Palmere will be discharged if Witmore refuses to accept; however, Palmere remains liable for $2,000 but not for interest that accrued after March 1. d. at noon on March 1, Witmore must accept the payment and apply it to the $2,000 debt even if Palmere is indebted to Witmore on another account.
It is appropriate for the costs of hedging to be borne by the ________ department of the multinational corporation
A) marketing B) treasury C) legal D) shipping