A bond that is backed only by the reputation of the issuing corporation is called a ____________ bond.
A)debenture
B)mortgage
C)indenture
D)preemptive
E)treasury

Question

Quizplus · Accepted Answer

A debenture bond is a type of bond that is unsecured, meaning it is not backed by any assets or collateral. Instead, it is backed only by the reputation and creditworthiness of the issuing corporation.

A Bond That Is Backed Only by the Reputation of the Issuing