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upton upton
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2 years ago
What is the difference between a secured bond and a debenture bond?
Textbook 

College Accounting: A Practical Approach


Edition: 13th
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OmpaOmpa
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2 years ago
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A secured bond is backed by specific pledged assets such as equipment or property as security for meeting the terms of the bond agreement.

Debenture bonds are not backed by specific pledged assets as collateral. Since the bonds are unsecured, risk may be higher than on secured bonds. These bonds will often require a higher rate of interest to make them attractive to investors.
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