Bonds That Are Backed Only by the Credit of the Issuing

question 161

Multiple Choice

Bonds that are backed only by the credit of the issuing company are:

• A)collateral bonds.
• B)callable bonds.
• C)unsecured bonds.
• D)term bonds.

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Definitions:

Denominator

The bottom number in a fraction, indicating the total number of equal parts the whole is divided into.

Fraction

A mathematical expression representing a part of a whole or a part of a group by using two numbers, the numerator over the denominator.

Equivalent Fractions

Fractions that represent the same part of a whole, even though they have different numerators and denominators.