Unsecured bonds are called

A) junk bonds.
B) debentures.
C) indentures.
D) subordinated debentures.
E) either debentures or subordinated debentures.

Subordinated Debentures

A type of debt instrument that ranks below other debts in case of liquidation or bankruptcy.

Debentures

A type of debt instrument that is not secured by physical assets or collateral but is based on the issuer's creditworthiness and reputation.

Junk Bonds

High-yield bonds with a lower credit rating than investment-grade bonds, reflecting a higher risk of default.