A bond that is backed only by the reputation of the issuing corporation is called a(n)________ bond.
A)debenture
B)mortgage
C)indenture
D)preemptive
E)treasury

Name: A bond that is backed only by the reputation of the issuing corporation is called a(n)________ bond. A)debenture B)mortgage C)indenture D)preemptive E)treasury
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Question

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A debenture is a type of bond that is not secured by physical assets or collateral. Instead, it is backed only by the general creditworthiness and reputation of the issuer.

A Bond That Is Backed Only by the Reputation of the Issuing