A ________ is a long-term debt security that is secured by some form of collateral.

Question

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A bond is a debt security that is secured by collateral. The issuer pledges a specific asset or group of assets as collateral, which can be seized by the bondholders if the issuer fails to make interest or principal payments. Debentures and notes are types of bonds, and a promissory note is a type of unsecured debt. "Primogeniture" is unrelated to finance.

A ________ Is a Long-Term Debt Security That Is Secured