Debentures are long-term unsecured bonds that are backed only by the general creditworthiness of the issuer.
Debentures are long-term unsecured bonds that are backed only by the general creditworthiness of the issuer.
A senior unsecured credit instrument holds a higher priority of claims than one ranked as:
A senior unsecured credit instrument holds a higher priority of claims than one ranked as:
Which one of the following is issued at a discount to its redemption value and pays its holder no interest during its life? A: A deep discount bond B: A long-term bond issued by the government C: An unsecured loan note D: A zero coupon bond
Which one of the following is issued at a discount to its redemption value and pays its holder no interest during its life? A: A deep discount bond B: A long-term bond issued by the government C: An unsecured loan note D: A zero coupon bond
James Cunningham is evaluating the factors that influence issue ratings. He has identified and described two factors which he has summarized below:Factor 1: The higher the senior unsecured ranking, the lower the notching adjustment will be.Factor 2: In the case of structural subordination, debt of the parent holding company is serviced before that of operating subsidiaries.Cunningham is most likely correct with respect to: A: factor 1 only. B: factor 2 only. C: both of the factors.
James Cunningham is evaluating the factors that influence issue ratings. He has identified and described two factors which he has summarized below:Factor 1: The higher the senior unsecured ranking, the lower the notching adjustment will be.Factor 2: In the case of structural subordination, debt of the parent holding company is serviced before that of operating subsidiaries.Cunningham is most likely correct with respect to: A: factor 1 only. B: factor 2 only. C: both of the factors.