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DSST Business Law II Exam Prep

Category - DSST Business Law II

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A short-term debt security with a maturity of five years or less is known as a:
  1. Note.
  2. Voucher.
  3. Lien.
  4. Debenture.
  5. Bond.
Explanation
Answer: A. A short-term debt security with a maturity of five years or less is known as a note. A debt security is a debt instrument of a corporation, government or organization. Other types of debt securities include corporate bonds, governmental bonds, and treasury bills.
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