A subordinated debenture is a more secure investment than a mortgage bond?
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- A debenture is an unsecured loan offered by an individual to a company. Without paying any collateral for the debenture, the company pays a high rate of interest to the investors who actually lend credit to the company.
- NO. A subordinated debenture is the bond that would get paid last if a company goes bankrupt. A mortgage bond because its secured its considered more secure.
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