What is the name used for the type of secured bond that requires a pledge of a designated piece of property in case of default?
A)Debenture bond
B)Indenture bond
C)Mortgage bond
D)Registered bond

Question

Quizplus · Accepted Answer

Secured bonds grant their holders a priority legal claim on specified identifiable assets should the issuer default.A common type of secured bond is a mortgage bond,which conditionally transfers the title of designated property to the bondholder until the bond is paid.

What Is the Name Used for the Type of Secured