Portland Power and Light recently issued bonds that offered no collateral except the reputation and established name of the Portland Power and Light Company.These represent ________ bonds.

Question

Quizplus · Accepted Answer

Debenture bonds are unsecured bonds that do not have any collateral backing them, and the issuer's reputation and creditworthiness are the only sources of security for the bondholders.

Portland Power and Light Recently Issued Bonds That Offered No