Registered bond:
Registered bond is a type of bond which is registered in the name of owner. The bond displays the name and contact information of the owner which enables the company to pay the amount due to the person listed on bond.
Serial bond:
Serial bonds are bonds which matures in such a way that percentage of outstanding bonds mature at periodical interval of time.
Secured bond:
Secured bonds are bonds which are secured by the issuer’s promise or security. Here borrower gives assurance to the investor in order to protect the interest of bondholders.
Bearer bond:
Bearer bonds are bonds which are not registered in the name of bond owner. The person holding the bond is assumed to be the owner of bearer bond.
Convertible bond:
Convertible bonds are bond which gives a right to the bondholder to convert his bonds into specific number of shares of stock.
Bond indenture:
Bond indenture is a legal agreement between the bond holder and issuer of bond specifying the terms and conditions of the contracts.
Sinking fund bond:
Sinking fund bond means bond which require the issuer to maintain a separate account to set aside money in order to repay the investors on maturity date.
Debenture:
Debenture is an unsecured bond issued by companies in order to raise large amount of funds.
To identify: Given below are the statements matched with the appropriate term or phrase:
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Chapter 10 Solutions
Connect 2 Semester Access Card for Financial and Managerial Accounting
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