Debentures bingo

Exercise and reference answers

Clues and terms

1. Clue

   Instrument acknowledging borrowed capital.

   Item

   Debenture

2. Clue

   Latin root of the word, meaning to borrow.

   Item

   Debere

3. Clue

   Debenture backed by a charge on assets.

   Item

   Secured

4. Clue

   Debenture with no specific charge.

   Item

   Unsecured

5. Clue

   Charge on assets kept for use in operations.

   Item

   Fixed charge

6. Clue

   Charge covering assets generally.

   Item

   Floating

7. Clue

   Repaid at the end of a fixed period.

   Item

   Redeemable

8. Clue

   Repaid only on winding up of the company.

   Item

   Perpetual

9. Clue

   Can be turned into shares later.

   Item

   Convertible

Instructions

Read each clue and tap the term it describes.

Explanation