Thermal Control Technologies Corp TCT (was Redux Energy) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Thermal Control Technologies Corp TCT (was Redux Energy)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: M. Merriam who wrote (985)	9/8/1999 11:07:00 PM
From: Edward W. Richmond	Read Replies (1) of 1208

Mike, I just checked in one of my textbooks. I believe I was correct. It states that a debenture is a corporate bond that is not secured by specific property. If the issuer is liquidated, the debenture holder becomes a general creditor. The higher risk usually requires higher interest rates than those on secured debt. My take is that the non-payment of debenture interest does not result in default, whereas non-payment on a secured bond is game over. Regards, Ed

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next