Bonds issued against the general credit of the borrower are called

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Debenture bonds are unsecured bonds issued against the general credit of the borrower, meaning there is no specific collateral backing the bond. Callable bonds can be redeemed by the borrower before maturity, mortgage bonds are secured by a specific asset such as a property, and sinking fund bonds require the borrower to set aside funds to redeem the bond at maturity.

Bonds Issued Against the General Credit of the Borrower Are