Question

The term "debenture" is used to describe: Group of answer choices bonds that are below investment grade. bonds that are secured by a lien on real property. bonds that do not make coupon interest payments. an unsecured long-term debt. a complete set of removable, artificial teeth. Next

Answer 1

The answer is D. an unsecured long-term debt

Step-by-step explanation:

Debenture is a bond because it is a long-term loan and debenture is not secured (unsecured). It is unsecured in the sense that there is no collaterals but relies on the creditworthiness of the issuers.

Option A is incorrect becausebond is usually not bonds below Investment grade.

Option B is incorrect because debenture are nor secured by any properties.

Option C is incorrect because debenture makes coupon interest payment.