An unsecured bond that has no specific collateral other than the general creditworthiness of the issuing firm is called a debenture.

Name: An unsecured bond that has no specific collateral other than the general creditworthiness of the issuing firm is called a debenture.
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Question

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This statement is true. Debentures are a type of unsecured bond that rely on the overall creditworthiness of the issuing company rather than a specific asset or collateral.

An Unsecured Bond That Has No Specific Collateral Other Than