All bonds will always fall into which one of the following pairs of categories?
A) Secured or unsecured
B) Mortgage or sinking fund
C) Debenture or unsecured
D) Callable or convertible

Question

Quizplus · Accepted Answer

All bonds can be categorized as either secured or unsecured. Secured bonds are backed by collateral such as assets or property, while unsecured bonds are not backed by any collateral. The other options listed are specific types of bonds within the secured or unsecured categories.

All Bonds Will Always Fall into Which One of the Following