A debt obligation that is backed by only by the creditworthiness of the issuer (borrower). It is a type of...

A type of debt or general obligation that is not secured or protected by a guarantor, or collateralized by a...

A type of fixed-income security that is not backed by collateral. It is backed only by the creditworthiness of the...

A type of fixed-income security that is not backed by collateral. It is backed only by the creditworthiness of the...

A hybrid debt instrument (having the geatures of both debt and equity) that pays a fixed coupon or a specific…

The process of raising funds by issuing unsecured low-grade, high-yield securities  (junk notes, junk bonds, etc.). This is usual at…

The process of raising funds by issuing unsecured low-grade, high-yield securities (junk notes, junk bonds, etc.). This is usual at...