The following are various types of secured debt:
I. Mortgage bonds
II. Collateral trust bonds
III. Equipment trust certificate
IV. Debentures
A) I only
B) I and II only
C) I, II and III only
D) I, II, III and IV

Question

Quizplus · Accepted Answer

Mortgage bonds, collateral trust bonds, and equipment trust certificates are all types of secured debt, as they are backed by specific assets. Debentures, however, are unsecured debt.

The Following Are Various Types of Secured Debt