Define the term corporate bonds.

College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter22: Corporations: Bonds
Section: Chapter Questions
Problem 1TF: A secured bond is one that is backed by specific corporate assets.
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Define the term corporate bonds.

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Bonds:

 

Bonds are long-term promissory notes that are represented by a company while borrowing money from investors to raise fund for financing the operations.

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