Question 51 Match the following statements to the appropriate terms. A contractual arrangement which is in effect a purchase of property. A legal document that sets forth the terms of a bond issue Occurs when the contractual interest rate is less than the market interest rate. Produces a periodic interest expense equal to a constant percentage of the carrying value of the bonds. A solvency measure that indicates the percentage of assets provided by creditors. A form of interest-bearing notes payable used by corporations. Occurs when the contractual interest rate is greater than the market interest rate. Unsecured bonds issued against the general credit of the borrower. A contractual arrangement that gives the lessee temporary use of property. Produces a periodic interest expense that is the same amount each interest period