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Basic Question 1 of 9
Bonds that are unsecured obligations of the companies are called ______.
B. debentures
C. bearers
A. indentures
B. debentures
C. bearers
User Contributed Comments 7
| User | Comment |
|---|---|
| chenyx | debentures are unsecured obligations of the company. |
| shawnryu | indentures is just contract notes regardless of whether secured or not |
| studyprep | example: debentures (bonds) that are not secured by the assets of a firm. |
| woori | do not confuse with indentures |
| nholm | or dentures for that matter... |
| johntan1979 | LOL there is a reason why bonds are for people nearing retirement |
| reccy | Per cfa: debentures "can be secured or unsecured. In many jurisdictions, debentures are unsecured bonds, with no collateral backing assigned to the bondholders. In contrast, bonds known as â |
I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
describe the contents of a bond indenture and contrast affirmative and negative covenants
CFA® 2024 Level I Curriculum, Volume 4, Module 1.