________ are a form of long-term debt that is secured by the pledge of specific property.
A)Convertible bonds
B)Mortgage bonds
C)Callable bonds
D)Sinking fund bonds
E)Debentures

Question

Quizplus · Accepted Answer

Mortgage bonds are secured by specific property, usually real estate, and in case of default, the bondholders have the right to take ownership of that property. This makes mortgage bonds less risky than debentures or other unsecured bonds.

________ Are a Form of Long-Term Debt That Is Secured