25. A bond that has no collateral is called
(A) collable bond
(B) a debenture
(C) a junk bond
(D) a mortgage
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1
Bonds that have no collateral pledged to them are unsecured and may be called debentures. Debentures have a general claim on the company's assets and cash flows. they may be classified as either senior or junior (subordinated) debentures.
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Explanation:
collable bond is current and.
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