A bond that is backed only by the reputation of the issuing corporation is called:

Understand the Problem

The question is asking for the term used to describe a type of bond that relies solely on the issuing company's reputation for backing, rather than any physical assets. This indicates a conceptual understanding of financial instruments.

More Information

A debenture is a type of bond not secured by specific assets but rather relies on the issuer's reputation.

Tips

Confusing debentures with other bonds; remember, debentures aren't backed by specific collateral.

Sources

• A bond backed only by the reputation of the issuing corporation - homework.study.com
• Debenture Explained, With Types and Features - Investopedia - investopedia.com