__________ are bonds which lack collateral backing and have a general claim on the issuer after debenture bondholders have been paid.

Question

Quizplus · Accepted Answer

Subordinated debenture bonds are those that lack collateral backing and are placed lower in priority for repayment than other debenture bonds, meaning they have a general claim on the issuer's assets only after debenture bondholders have been paid.

__________ Are Bonds Which Lack Collateral Backing and Have a General