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Secured bonds are backed by some sort of collateral in the form of property, securities, or other assets that can be seized to repay creditors in the event of a default. Unsecured slots capital casino debentures have no such collateralization, making them relatively riskier. Further, debentures may carry credit risk and default risk. As stated earlier, debentures are only as secure as the underlying issuer’s financial strength. Business Studies Class 12 MCQs. In exchange for the money, the company agrees to pay interest on debentures over a fixed period of time. Johnny kash casino sign up.
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