When real property is used as collateral for a bond,it is termed a/an ________.

Name: When real property is used as collateral for a bond,it is termed a/an ________.
Brand: Quizplus
Rating: 4.8 (44 reviews)

Question

Quizplus · Accepted Answer

Real property used as collateral for a bond is commonly referred to as a "mortgaged security." A debenture is an unsecured bond. An indenture is a legal document outlining the terms and conditions of a bond. A senior bond is a bond that has priority over other debt in the event of bankruptcy or default.

When Real Property Is Used as Collateral for a Bond,it