Long-term unsecured bonds that are backed only by the general creditworthiness of the issuer are called

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Debentures are long-term unsecured bonds that are not backed by any collateral but instead rely solely on the creditworthiness and reputation of the issuer. Junk bonds are also unsecured bonds, but they carry a higher risk of default and are typically offered by companies with lower credit ratings. Callable bonds give the issuer the right to redeem the bonds before maturity, while convertible bonds can be converted into a predetermined number of shares of the issuer's common stock.

Long-Term Unsecured Bonds That Are Backed Only by the General