A bond issued and supported by the general credit standing of the corporation, rather than supported with pledged assets, is called
A) a serial bond.
B) a debenture.
C) an indenture.
D) callable bond.
Answer: B) a debenture.
A bond issued and supported by the general credit standing of the corporation, rather than supported with pledged assets, is called
A) a serial bond.
B) a debenture.
C) an indenture.
D) callable bond.
Answer: B) a debenture.
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