The term used for bonds that are secured only by the general credit of a company is
A) Indebenture bonds
B) Callable bonds
C) Debenture bonds
D) Mortgage bonds

Question

Quizplus · Accepted Answer

Debenture bonds are unsecured bonds that are not backed by any collateral like assets or property. Instead, they rely solely on the creditworthiness of the company issuing them. They are also referred to as unsecured bonds, and their interest rates are generally higher than other types of bonds due to the increased risk involved.

The Term Used for Bonds That Are Secured Only by the General