A debenture is best described as being backed by:
A) leases.
B) equipment.
C) real property.
D) general credit of the issuer.

Name: A debenture is best described as being backed by: A) leases. B) equipment. C) real property. D) general credit of the issuer.
Brand: Quizplus
Rating: 4.7 (38 reviews)

Question

Quizplus · Accepted Answer

A debenture is a type of debt instrument that is not secured by physical assets or collateral but is backed by the general creditworthiness and reputation of the issuer.

A Debenture Is Best Described as Being Backed By