The following are various types of secured debt:
A)mortgage bonds only.
B)mortgage bonds and collateral trust bonds only.
C)mortgage bonds, collateral trust bonds, and equipment trust certificate only.
D)mortgage bonds, collateral trust bonds, equipment trust certificate, and debentures.

Question

Quizplus · Accepted Answer

Mortgage bonds are secured by a mortgage on specific property, collateral trust bonds are secured by a pledge of securities or other assets, and equipment trust certificates are secured by equipment or other physical assets. Debentures are unsecured debt, meaning they are not backed by collateral. Therefore, option C includes only secured debts.

The Following Are Various Types of Secured Debt