Debt securities are typically called notes, debentures, or bonds depending on their peculiarities. Despite the fact that a bond is a secured debt, it generally refers to all kinds of secured and unsecured debt. The difference between notes and bonds is the original maturity. Issues with an original maturity of 10 years or less are often called notes, longer-term issues are called bonds.

As can also be understood from the information given the statements “Debt securities are typically called notes, debentures, or bonds depending on their peculiarities.”, “Long-term debt can be issued in two different forms, public-issue and privately-placed.” and “Although the major terms and conditions are the same, under privately placed issues all of the bonds are sold to a single lender, not offered to the public.” are correct, so the correct answer is C.

The statements “Issues with an original maturity of 10 years or less are often called bonds” and “Longer-term issues are called notes.” are not correct. . Issues with an original maturity of 10 years or less are often called notes, longer-term issues are called bonds.