Debentureholders have a prior claim and accept the least risk.
债券持有人有优先索赔权，风险最小。
2
This is in sharp contrast with some common law jurisdiction in which it is mandatory for listed debentures to appoint a trustee to protect debentureholders' interests.
这与一些普通法管辖区形成强烈对比，这些管辖区强制上市交易的公司债券指定受托人以保护债券持有人利益。
3
If debenture interest is not paid, the trust deed may allow the debentureholders to appoint a receiver to sell sufficient assets for the debenture to be paid.