Unsecured Bonds Are Called

question 32

Multiple Choice

Unsecured bonds are called

• A) junk bonds.
• B) debentures.
• C) indentures.
• D) subordinated debentures.
• E) either debentures or subordinated debentures.

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Definitions:

Federal Bureaucracy

The agencies and employees of the executive branch of the Federal government responsible for implementing and administering federal laws and policies.

Pendleton Act

An 1883 U.S. federal law that established that positions within the federal government should be awarded on the basis of merit instead of political affiliation.

Merit-Based System

A merit-based system is a method of employment or selection based on individuals' skills, abilities, and qualifications rather than factors such as nepotism or patronage.

Federal Employment

Jobs within the federal government, including positions in various agencies and departments.