A type of debt instrument that is not secured by physical assets is kn – InterviewSolution

1.	A type of debt instrument that is not secured by physical assets is known as?1). Collateral2). Debenture3). Bond4). Indenture
Answer» A debenture is a type of debt instrument that is not secured by physical assets. Collateral is defined as a property or asset that a borrower OFFERS to the lender as SECURITY for repayment of a loan. Bond is a signed PROMISE to pay a certain sum of money on a certain date or fulfillment of a specific condition. BONDS may or may not be secured by collateral. Indenture is a legal document published by the issuer of a security giving details about the terms and CONDITIONS about the agreement.

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