Debentures Are Backed Only by the Goodwill of the Bond

question 58

True/False

Debentures are backed only by the goodwill of the bond issuer.

---

Definitions:

Fiber-Optic

Technology that uses glass or plastic fibers to transmit data at high speeds using light.

Glass

A hard, brittle substance, typically transparent or translucent, made by fusing sand with soda, lime, and sometimes other ingredients and cooling rapidly.

Coaxial

A type of electrical cable that has an inner conductor surrounded by a tubular insulating layer, surrounded by a tubular conducting shield, often used for transmitting television signals and internet connections.

Coaxial

A type of cable with an inner conductor surrounded by a tubular insulating layer, used widely for transmitting television signals and internet connectivity.