LONGTERM DEBT Is a source of financing where by funds obtained can be repaid back after along period of time normally from eight years and above . The company pays interest and principal or dividend at stated or prescribed period . Examples of this are Debentures Is a written acknowledge of a debt by a company containing provisions of interest and the terms of repayment of principal . This can be secured or unsecured or irredeemable or redeemable . Secured debt will carry charge...











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