493FinanceMedium
The debentures that are considered as junior bonds as compared to debentures and mortgage bonds are classified as _________?
Aordinate debentures
Bpremium debentures
Csubordinated debentures
Dexpansion debentures
Correct answer
C. subordinated debentures
Explanation
subordinated debentures is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.