An unsecured bond, backed only by the well-respected name of the organization, is called a __________ bond.Multiple Choicedebenturemortgageconvertibleleveraged
Question
An unsecured bond, backed only by the well-respected name of the organization, is called a __________ bond.Multiple Choicedebenturemortgageconvertibleleveraged
Solution
The correct answer is "debenture". An unsecured bond that is backed only by the general creditworthiness and reputation of the issuer is called a debenture bond.
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