____ are not secured by specific assets.
A) Equipment trust certificates
B) Mortgage bonds
C) Debentures
D) Collateral trust bonds

Question

Quizplus · Accepted Answer

Debentures are unsecured bonds that are not backed by any specific asset. Option A, equipment trust certificates, are backed by specific equipment assets. Option B, mortgage bonds, are backed by real estate assets. Option D, collateral trust bonds, are backed by a pool of assets rather than a specific one.

____ Are Not Secured by Specific Assets