Unsecured Debentures is known as ........

Principles of Accounting & Financial Management Share capital and debentures

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Unsecured Debentures is known as

Simple or Naked debentures

Mortgage debentures

Secured Debentures

None of the options

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Explanation:

In a naked debenture, the investor has the issuers promise of repayment of the interest and principal but has no claim on any specific collateral. As a naked debenture is not backed by any physical asset or collateral, the debentures are considered to be covered by the full faith and credit of the issuer.