Any bond that is backed by the pledge of collateral is known as what type of bond?

Question

Quizplus · Accepted Answer

The word "secured" is often used interchangeably with "collateralized" when it comes to bonds. A secured bond provides the bondholder with a pledge of assets or collateral to back up the obligation of the bond issuer to repay the principal and interest on the bond. This collateral can be seized and sold in the event of default to repay bondholders.

Any Bond That Is Backed by the Pledge of Collateral