A ________ is an unsecured bond backed by the financial reputation of the issuing corporation.

Question

Quizplus · Accepted Answer

A debenture is an unsecured bond that is only backed by the financial reputation of the issuing corporation, unlike a general obligation bond which is backed by the issuer's taxing power, or a pass-through security which is backed by a pool of underlying assets. A note is a type of debt security with a maturity of less than 10 years.

A ________ Is an Unsecured Bond Backed by the Financial