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A debenture represents debt not secured by a specific asset . secured debt. debt that is subordinate to preferred stock . a long document covering
A debenture represents
debt not secured by a specific asset .
secured debt.
debt that is subordinate to preferred stock
. a long document covering every detail of a bond issue.
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Financial Reporting and Analysis
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
6th edition
9780077632182, 78025672, 77632184, 978-0078025679
