Question

The bonds that are usually unsecured and are only backed by worthiness of issuing firm are classified as

a.

untimed indentures

b.

untimed debentures

c.

indentures

d.

debentures

Posted under Financial Management and Financial Markets

Answer: (d).debentures

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Q. The bonds that are usually unsecured and are only backed by worthiness of issuing firm are classified as
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