A bond which is backed only by the reputation on the issuing corporation is aMultiple Choiceindenture.subordinated indenture.mortgage bond.debenture.subordinated debenture.
Question
A bond which is backed only by the reputation on the issuing corporation is aMultiple Choiceindenture.subordinated indenture.mortgage bond.debenture.subordinated debenture.
Solution
The correct answer is debenture. A debenture is a type of debt instrument that is not secured by physical assets or collateral. Debentures are backed only by the general creditworthiness and reputation of the issuer.
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