What is a bond guaranteed by a piece of property called?
A) Collateral trust bond.
B) Mortgage bond.
C) Municipal bond.
D) Trust certificate.
E) Trust bond.

Question

Quizplus · Accepted Answer

A bond guaranteed by a piece of property is called a mortgage bond. This is because the bond is secured by the mortgage on the property, which gives bondholders a claim on the property if the issuer defaults on the bond.

What Is a Bond Guaranteed by a Piece of Property