What is the name used for the type of secured bond that requires a pledge of a designated piece of property in case of default?
A)Debenture Bond.
B)Indenture Bond.
C)Mortgage Bond.
D)Registered Bond.

Question

Quizplus · Accepted Answer

A Mortgage Bond requires a pledge of a designated piece of property (usually real estate) as collateral in case of default. Debenture Bond is unsecured and not backed by any specific asset. Indenture Bond refers to the legal agreement between the issuer and the bondholders. Registered Bond is a bond in which the name of the owner is registered with the issuer, typically with no physical certificate.

What Is the Name Used for the Type of Secured