Long-term bonds that are unsecured obligations of a company are called
A)indentures.
B)debentures.
C)mortgage bonds.
D)bearer bonds.

Name: Long-term bonds that are unsecured obligations of a company are called A)indentures. B)debentures. C)mortgage bonds. D)bearer bonds.
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Question

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Debentures are a type of long-term bond that does not have any collateral attached to them. Instead, they are solely backed by the creditworthiness of the company issuing them.

Long-Term Bonds That Are Unsecured Obligations of a Company Are