Q116
Unsecured debentures are also called as _________.
A.
Mortgaged debentures
B.
Simple debentures
AnswerC.
Bearer debentures
D.
Registered debentures
Answer: Option B
Solution
Answer: Option B
Solution:
Unsecured debentures are debentures that are not supported by a collateral security. No specific assets will be set aside against unsecured debentures. It is basically a loan with out any protection. They are backed only by the general credit worthiness of the issuer.