Question

The long-term bond you own was issued by IBM Corporation and used no collateral. This is an example of a(n) ______.

O credit
O unsecured mortgage
O nomenclature
O debenture
O none of the above

Answer 1

The long-term bond issued by IBM Corporation with no collateral is an example of a debenture.

Step-by-step explanation:

The long-term bond you own that was issued by IBM Corporation and used no collateral is an example of a debenture.