Which of the following are backed only by the reputation and financial stability of the corporation?
A) Debentures
B) Unsecured bonds
C) Both debentures and unsecured bonds
D) None of the options

Question

Quizplus · Accepted Answer

Debentures and unsecured bonds are both types of debt instruments that are not backed by collateral but rather by the creditworthiness and reputation of the issuer.

Which of the Following Are Backed Only by the Reputation