Unsecured Bonds Are Not Backed by Assets and Provide No

question 137

Multiple Choice

Unsecured bonds are not backed by assets and provide no claim on assets for bondholders These include:

• A) Debenture
• B) Subordinated debenture
• C) Collateral trust bonds
• D) Trust indenture

---

Definitions:

Serosal Lining

A smooth membrane consisting of a layer of cells which secrete serous fluid, covering internal organs and cavities.

Mucosal Lining

The moist, protective tissue lining various organs and body cavities, such as the mouth, nose, and digestive tract.

Alimentary Canal

The whole passage along which food passes through the body from mouth to anus, including the esophagus, stomach, and intestines.

Esophagus

A muscular tube that conveys food from the pharynx to the stomach.