Debentures are bonds that are not backed by any physical collateral. They are backed by the reputation and creditworthiness of the issuing company.
Are debentures backed by assets?
Because the issuer anticipates paying back the loans with money from the sale of the business initiative they helped fund, debentures are also known as revenue bonds. Debentures are not backed by tangible property or collateral. They have the issuer's full faith and credit as their only guarantee.
What is debenture and its characteristics?
An extended source of funding is provided by the debentures. They are made up of a protracted predetermined maturity phase. The debentures are typically repaid at the conclusion of their 10–20 year maturity period. The business returns the investor's principal investment amount at maturity.
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Answer:
Explanation:
Net cash provided by operating activities 140,000
Less: Capital expenditures -81,000
Less: Cash dividends paid -10,000
Free cash flow 49,000
1) They are young and not so smart o( just a saying), 2) They think they will be rich forever and forever be on top of the world, 3) Ignorance or following the wrong financial advice, 4) Instead of them wisely taking care of their finances, they put it in other people's hands, who of course abuse it as well or take advantage. :)
I believe that the problems Bob is going Face is...he will struggle with Ideas and he will have many Diclamers along the way
