A Bond Secured by Specific Assets Set Aside to Redeem

question 46

Multiple Choice

A bond secured by specific assets set aside to redeem the bonds is called a

• A) convertible bond.
• B) sinking fund bond.
• C) mortgage bond.
• D) secured bond.

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Definitions:

Conductors

Materials that allow the flow of electrical current due to their low resistance, such as metals.

Insulations

Materials or substances used to prevent the passage of electricity, heat, or sound from one area to another.

Coefficient

A numerical or constant quantity placed before and multiplying the variable in an expression (e.g., in 2x, 2 is the coefficient).

Ambient Air

The natural air in the environment surrounding a particular location, often considered in terms of its quality or temperature.