Athelstone realty issues debt with a maturity of 20 years


Athelstone Realty issues debt with a maturity of 20 years. In the case of bankruptcy, holders of this debt may claim the property held by Athelstone Realty. Which of the following best describes this type of corporate debt?

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Accounting Basics: Athelstone realty issues debt with a maturity of 20 years
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