Debenture bonds are secured obligations and depend on the specific pledge of property for their security.

Name: Debenture bonds are secured obligations and depend on the specific pledge of property for their security.
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Debenture bonds are unsecured obligations, meaning they are not supported by any collateral or specific pledge of property for their security. Instead, they rely on the creditworthiness and reputation of the issuer for investors to have confidence in their investment.

Debenture Bonds Are Secured Obligations and Depend on the Specific