All About Self-Control. Self-control separates us from our ancient ancestors and the rest of the animal kingdom, thanks to our large prefrontal cortex. It is the ability to subdue our impulses in order to achieve longer-term goals.
A secured debt is money borrowed that is guaranteed (or secured) by the borrowerâs funds or assets and held by the lender in an interest-bearing account. More On Secured Debt Definition
Like other secured debts, the debenture gives the debtor priority status over unsecured creditors in a bankruptcy; however debt instruments where security is pledged to specific assets (such as a bond) receive a higher priority status in a bankruptcy than do debentures [citation needed].