Series 66: 2.4.12. Unsecured Bonds

Taken from our Series 66 Online Guide

2.4.12. Unsecured Bonds

Most corporate bonds are unsecured, rather than secured. This means that they are secured only by a corporation’s promise to make the payment, rather than a specific physical or financial asset. Unsecured corporate bonds are called debentures. They range in their riskiness.

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