A contract pledging title to assets as security for a note or bond is known as a(an):
A) Mortgage.
B) Lease.
C) Sinking fund.
D) Indenture.
E) Equity.

Name: A contract pledging title to assets as security for a note or bond is known as a(an): A) Mortgage. B) Lease. C) Sinking fund. D) Indenture. E) Equity.
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Question

Quizplus · Accepted Answer

A mortgage is a contract that pledges title to assets, typically real estate, as security for a loan or bond.

A Contract Pledging Title to Assets as Security for a Note