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The process RQ 6 . 2 . A debenture is a secured bond that is secured by unspecified assets an unsecured bond that only creditworthy

The process

6.2 .

A debenture is

a secured bond that is secured by unspecified assets

an unsecured bond that only creditworthy firms can issue

a bond secured by specific assets that any firm can issue

a secured bond issued by startup firms

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