A corporate bond backed only by a company's promise to pay is called a ________.

Name: A corporate bond backed only by a company's promise to pay is called a ________.
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A debenture bond is a type of bond that is not secured by any specific assets, but rather by the company's promise to repay the loan with interest. This means that if the company defaults on the bond, the bondholders would not have a specific asset to claim to recover their investment.

A Corporate Bond Backed Only by a Company's Promise to Pay