If a corporation issues a debenture bond, it means the bond
A) is secured by stocks and bonds of other corporations.
B) matures in installments.
C) is unsecured.
D) may be converted into other securities of the corporation for a specified time after issuance.

Question

Quizplus · Accepted Answer

Debenture bonds are unsecured, meaning they are not backed by collateral but rather by the creditworthiness and reputation of the issuer.

If a Corporation Issues a Debenture Bond, It Means the Bond