Asked by
erika rendon
on Nov 18, 2024
Verified
When a corporation issues bonds, it executes a contract with the bondholders, known as a bond debenture.
Bond Debenture
A type of unsecured debt instrument issued by a company to raise long-term funds, without collateral backing.
Corporation Issues Bonds
A financing activity where a corporation raises funds by issuing debt securities, known as bonds, to investors.
- Gain insight into the attributes of bonds as sources of interest income and their enforceable agreements.
Verified Answer
AA
Learning Objectives
- Gain insight into the attributes of bonds as sources of interest income and their enforceable agreements.