A bond that does not permit future bond issues to be secured by any of the assets pledged as security to it is called a(n):

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A closed-end mortgage bond is also sometimes called a "specific lien" bond, which means that it is secured by a specific asset or property. Unlike an open-end mortgage bond, which allows for future bond issues to be secured by the same assets, a closed-end mortgage bond does not permit this. Equipment trust certificates and first mortgage bonds are different types of bonds with their own unique characteristics.

A Bond That Does Not Permit Future Bond Issues to Be