Which type of debt instrument is supported solely by the borrower's creditworthiness without any collateral?

Choose the correct answer

Explanation

A debenture is a debt instrument that relies only on the borrower's promise to repay, without any physical assets pledged as security. Securities represent various financial assets, credit score measures creditworthiness, and the other options do not fit this definition.

Which type of debt instrument is supported solely by… — Basic of Economics | PakQuizHub