Long-term Bonds that are unsecured obligations of a company are called:
A) Indentures
B) Debentures
C) Mortgage bonds
D) Bearer bonds

Question

Quizplus · Accepted Answer

Debentures are long-term unsecured bonds issued by a company, meaning they do not have any specific assets pledged as collateral. They are backed only by the company's creditworthiness and ability to make interest and principal payments.

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