CFA Practice Question

There are 490 practice questions for this study session.

CFA Practice Question

In the U.S., ______ is an unsecured obligation of the issuing company.
A. a indenture
B. a debenture
C. the deed of trust
Explanation: In the U.S., debentures are unsecured bonds with no collateral backing assigned to the bondholder.

User Contributed Comments 3

User Comment
dlukas Issuing an INDENTure will make an INDENT in your uncollateralized assets.

Issuing a deBENTure will cause your creditors to be BENT over should you default...

I dunno, works for me.
threedot Thats awesome...
jithinja Haha that's amazing dlukas! thanks for sharing :)
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