Module 1

Last update by marlohume on 03/17/2010
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Instalment Debentures (or serial debentures)

Answer:
Municipalities are responsible for the provision of sewers, waterworks, police and fire protection, welfare, etc...and since many of the assets used to provide these services are expected to last for twenty years or more, municipalities attempt to spread their cost of a period of time through the issuance of instalment debentures

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