A ..... is a long-term debt instrument used by governments and large companies and is usually unsecured, in that there are no liens or pledges on specific assets; the advantage to the issuer is that they leave specific assets burden free, and thereby leave them open for subsequent financing.

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A ..... is a long-term debt instrument used by governments and large companies and is usually unsecured, in that there are no liens or pledges on specific assets; the advantage to the issuer is that they leave specific assets burden free, and thereby leave them open for subsequent financing. (*) bill (*) bond (*) debenture (*) note

This is a companion discussion topic for the original entry at https://english.best/questions/10874,a-___-is-a-long-term-debt-instrument-used-by-governments-and-large-companies-and-is-usually-unsecured-in-that-there-are-no-liens-or-pledges-on-specific-assets-the-advantage-to-the-issuer-is-that-they-leave-specific-assets-burden-free-and-thereby-leave-them-open-for-subsequent-financing/