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The term used for bonds that are unsecured as to principal is :

a. junk bonds.
b. debenture bonds.
c. indebenture bonds.
d. callable bonds.

1 Answer

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Answer: b. debenture bonds.

Step-by-step explanation:

A debenture bond is a debt instrument that is unsecured by a collateral or asset. They are issued by companies to raise capital.

A callable bond is a bond that can be redeemed before its maturity date.

A junk bond is a very risky bond with low credit ratings but pay a higher yield when compared to better rated bonds.

Indebenture bond is a legal document that describes the features and terms of a bond.

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