Unsecured bonds are called
A) junk bonds.
B) debentures.
C) indentures.
D) subordinated debentures.
E) either debentures or subordinated debentures.

Question

Quizplus · Accepted Answer

Unsecured bonds are referred to as debentures or subordinated debentures. Debentures are a type of bond not secured by physical assets or collateral, and subordinated debentures are a specific type of debenture that is lower in repayment priority than other debts in the event of the issuer's bankruptcy.

Unsecured Bonds Are Called