What Are Unsecured Debentures?

Unsecured bonds are bonds that can be issued without the need to mortgage the property in accordance with the Mortgage Bond Trust Law. Including government bonds, local bonds, financial bonds, etc. Of the bonds issued by enterprises, ordinary corporate bonds need to be mortgaged in principle. ^[1]

Unsecured bond

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Unsecured bonds are bonds that can be issued without the need to mortgage the property in accordance with the Mortgage Bond Trust Law. Including government bonds, local bonds, financial bonds, etc. Of the bonds issued by enterprises, ordinary corporate bonds need to be mortgaged in principle. ^[1]

Unsecured bonds English: debenture; debenture bond. Also for: bonds ; credit bonds . name. Common plurals. Abbreviation: deb .. This type of bond issuance is based on the issuer's credit rather than assets. When an issuer encounters a financial crisis, bondholders can only claim interests in the issuer's unpledged property. The term is often used in bonds issued by municipalities below the municipal level. It is difficult for a corporation to issue credit bonds. See also: bond; convertible credit bond , convertible debenture