A Type of Bond That Is Unsecured and Gives Bondholders

question 124

Multiple Choice

A type of bond that is unsecured and gives bondholders a claim secondary to that of other designated bondholders with respect to interest payments,repayment,and assets is called a:

• A)debenture bond.
• B)mortgage bond.
• C)subordinated debenture.
• D)preemptive bond.
• E)treasury bond.

---

Definitions:

Firm

A business organization or entity, especially one involved in industrial or commercial activities.

Operating

Refers to the day-to-day functions, activities, and administrative tasks required to run a business or an organization.

Eighth Unit

A term that could refer to the unit in a sequence or series, specifically the one that comes eighth in order.

Output

The total amount of goods or services produced by a company, sector, or economy over a specific period.