Question: Bonds that can carry no specific security or collateral and have a weaker claim on company assets compared to other such issues of the same

Bonds that can carry no specific security or collateral and have a weaker claim on company assets compared to other such issues of the same company are known as:

Select one:

a.

serial bonds.

b.

debentures

c.

first mortgage bonds

d.

second mortgage bonds

e.

subordinated debentures

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