Details

Title: Accounting Chapter 10

Description: Bonds

Total Flash Cards: 9

Created: 11/15/2006 12:45:29

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Term
A. Debentures
 Definition
_A_ 2. There is no pledge of assets, or mortgage, as a guarantee of payment of the bonds at maturity.
Term
B. Secured bonds
 Definition
_B_ 7. Bonds that include a mortgage or pledge of specific assets as a guarantee of repayment at maturity.
Term
C. Ordinary bonds
 Definition
_C_ 4. The payment of the principal as a single sum at a specified date.
Term
D. Serial bonds
 Definition
_D_ 8. Bonds that mature in installments rather than a single payment.
Term
E. Callable bonds
 Definition
_E_ 3. Bonds that may be called for early retirement at the option of the issuer.
Term
F. Reedemable bonds
 Definition
_F_ 5. Bonds that may be turned in for early retirement at the option of the investor.
Term
G. Convertible bonds
 Definition
_G_ 1. Bonds that can be exchange for other securities of the issuer, at the option of the investor.
Term
H. Registered bonds
 Definition
_H_ 6. Payment of bond interest is made only to the investor currently on the records of the issuer.
Term
I. Coupon bonds
 Definition
_I_ 9. When the bond interest date approaches, the investor detaches a form from the bond; signs it, mails it to the issuing company.