Match each term with the appropriate definition. Not all definitions will be used.
A. Contingent liability
B. Security
C. Face value
D.
E.
F. Issue price
G.
H. Loan covenant
I.
J. Line of credit
K. Public debt offering
L. Accrued liability
M. Debt-to-assets ratio
A. This type of liability is uncertain; it exists only if some other condition occurs.
B. A bond feature that allows a creditor to seize assets if debt is not properly repaid.
C. The amount a company must repay creditors when a bond matures.
D. This item is reported as a contra asset account.
E. The total amount of money that a company owes in debt.
F. The amount that the lender actually pays for a bond.
G. Bond features that allow the issuer to repay the loan early.
H. Debt features that, if violated, allow the lender to revise loan terms.
I. The cost of issuing a bond.
J. A prearranged agreement that allows a company to borrow at will up to a limit.
K. When a company borrows money by issuing bonds in the financial markets.
L. These are liabilities that have been incurred during the period but not yet paid.
M. Total liabilities divided by total assets.
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