__________ are bonds with no collateral backing that have a general claim on the other unpledged assets of the issuer.

Question

Quizplus · Accepted Answer

Debenture bonds have no collateral backing and are unsecured, meaning they have a general claim on the assets of the issuer. General obligation bonds are backed by the full faith and credit of the issuer, but they can also be secured by specific assets. Common bonds and collateral bonds are not commonly used terms in finance.

__________ Are Bonds with No Collateral Backing That Have a General