Match these terms with their definitions.
-General term that refers to debt that provides collateral (e.g., some asset) for the lender.
A)Callable bonds
B)Long-term lease
C)Convertible bonds
D)Debenture bonds
E)Junk bonds
F)Mortgage bonds
G)Notes payable
H)Short-term lease
I)Secured bonds

Question

Quizplus · Accepted Answer

Secured bonds are bonds that are backed by collateral, meaning if the borrower defaults on the loan, the lender has a claim on the collateral to recover their losses. Mortgage bonds (F) are a type of secured bond where the collateral is typically real estate.

Match These Terms with Their Definitions