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    Financial Accounting
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    Exam 11: Long-Term Liabilities: Notes, Bonds, and Leases
  5. Question
    A Provision of a Contractual Obligation That Is Designed to Protect
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A Provision of a Contractual Obligation That Is Designed to Protect

Question 89

Question 89

Multiple Choice

A provision of a contractual obligation that is designed to protect the interest of lenders is called


A) a lenders' security provision
B) a restrictive covenant.
C) a non-interest-bearing obligation.
D) collateral.

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