A _____ is a long-term debt that is secured by real estate property.

Question

Quizplus · Accepted Answer

A mortgage loan is specifically designed to be secured by real estate property. Bonds are typically long-term debts, but not necessarily secured by real estate. Leases are typically agreements for the use of property, but not necessarily long-term debts. Asset-based loans can be secured by a variety of assets, including real estate, but the question specifically mentions real estate property.

A _____ Is a Long-Term Debt That Is Secured by Real