A bond without any security behind them except a promise to pay by the issuing corporation is called ______. A. Joint bond B. Debenture bond C. Trust bond D. Common bond

The answer is B. Debenture bond.

A debenture bond is a type of unsecured bond that is issued by a corporation. Debenture bonds are not backed by any specific assets of the issuing company, and the repayment of the bond is solely based on the company’s ability to make its interest and principal payments.

Debenture bonds are typically issued by companies with a strong credit rating, as they are considered to be a riskier investment than secured bonds. Debenture bonds typically have a higher interest rate than secured bonds, as investors demand a higher return for taking on the additional risk.

Here is a brief explanation of each option:

• A joint bond is a type of bond that is issued by two or more companies. Joint bonds are typically used to finance large projects, such as construction projects.
• A trust bond is a type of bond that is issued by a trust. Trust bonds are typically used to finance charitable or educational institutions.
• A common bond is a type of bond that is issued by a corporation and is not secured by any specific assets of the company. Common bonds are typically considered to be a riskier investment than secured bonds.