A Type of Bond That Is Unsecured and Gives Bondholders

question 43

Multiple Choice

A type of bond that is unsecured and gives bondholders a claim secondary to that of other designated bondholders with respect to both income and assets is called a:

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

---

Definitions:

Acute Phase

Refers to the initial stage of a disease or condition, which is usually characterized by severe and rapidly developing symptoms.

Disorganization

A lack of structure and order within a system or environment.

Child Molesters

Individuals who sexually abuse minors, typically referring to the perpetrator being significantly older than the victim.

Guilt

A feeling of responsibility or remorse for some offense, crime, wrong, either real or imagined.