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snow_tiger [21]
2 years ago
8

A ________ is an unsecured bond, and most of the bonds sold today in the United States are of this type.A) mortgage bondB) deben

tureC) senior bondD) bond indenture
Business
1 answer:
topjm [15]2 years ago
5 0

Answer:

B) debenture

Explanation:

A bond refers to a debt or fixed investment security, in which a bondholder (creditor or investor) loans an amount of money to the bond issuer (government or corporations) for a specific period of time.

Generally, the bond issuer is expected to return the principal at maturity with an agreed upon interest to the bondholder, which is payable at fixed intervals.

A debenture is an unsecured bond, and most of the bonds sold today in the United States are of this type because it's a long-term security that yields fixed rate of interest.

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