A secured bond is called a debenture bond and is backed only by the general creditworthiness of the corporation.

Name: A secured bond is called a debenture bond and is backed only by the general creditworthiness of the corporation.
Brand: Quizplus
Rating: 4.9 (41 reviews)

Question

Quizplus · Accepted Answer

A secured bond is backed by specific assets of the corporation, while a debenture bond is unsecured and only backed by the general creditworthiness of the corporation.

A Secured Bond Is Called a Debenture Bond and Is