What is the term for bonds that the issuing firm backs with a pledge of specific assets?

Question

Quizplus · Accepted Answer

The term for bonds that the issuing firm backs with a pledge of specific assets is "secured". A secured bond is backed by collateral, which acts as a security for the lenders in case of default by the issuer. Callable bonds can be redeemed by the issuer before maturity, debentures are unsecured bonds that are not backed by collateral, and convertible bonds can be converted into equity shares of the issuing company.

What Is the Term for Bonds That the Issuing Firm