Most debentures are issued by _________ companies and are _______
A) utility and railroad; secured by a pledge on specific assets.
B) industrial and finance; unsecured general obligations.
C) utility and railroad; unsecured general obligations.
D) industrial and finance; secured by a pledge on specific assets.

Question

Quizplus · Accepted Answer

Most debentures, especially in the context of industrial and finance companies, are unsecured general obligations, meaning they are not backed by specific assets but rather by the issuer's ability to repay.

Most Debentures Are Issued by _________ Companies and Are _______

Most Debentures Are Issued by ___ Companies and Are _