An example of secured debt would be a:
A)contract where two signatures specified how the contract would be paid.
B)contract in which a court kept the contract in its possession to see that nothing would happen to it.
C)contract in which real assets are pledged as security for a loan.
D)debenture.

Question

Quizplus · Accepted Answer

A number of terms are used to denote secured debt, that is, debt backed by collateral. Under a mortgage agreement, real property (plant and equipment) is pledged as security for a loan.

An Example of Secured Debt Would Be A