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24 July, 17:52

The term used for bonds that are unsecured as to principal is:

a. junk bonds.

b. debenture bonds.

c. indebenture bonds.

d. callable bonds.

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  1. 24 July, 18:15
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    Answer: b. debenture bonds.

    Explanation:

    A debenture bond is a debt instrument that is unsecured by a collateral or asset. They are issued by companies to raise capital.

    A callable bond is a bond that can be redeemed before its maturity date.

    A junk bond is a very risky bond with low credit ratings but pay a higher yield when compared to better rated bonds.

    Indebenture bond is a legal document that describes the features and terms of a bond.
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