Which One of the Following Is an Unsecured Bond Issued

question 42

Multiple Choice

Which one of the following is an unsecured bond issued by a corporation?

• A)indenture
• B)general obligation bond
• C)plain vanilla bond
• D)debenture
• E)trust bond

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Definitions:

Ownership

The legal right to possess, use, control, and dispose of property or an item.

Shareholders

Individuals or entities that own shares in a corporation, giving them partial ownership and a claim on its profits.

Corporation

A legal entity recognized by law as separate from its owners, with its own rights, privileges, and liabilities.

Ownership

The legal right or title to possess and use property, whether tangible or intangible.