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Explain Exception Handling

question 28

Essay

Explain exception handling.


Definitions:

Secured Bonds

Bonds that have specific assets of the issuer pledged as collateral.

Collateral

An asset pledged by a borrower to secure a loan or other credit, and subject to seizure if the loan is not repaid according to the agreed terms.

Specific Assets

Assets identified and itemized separately for accounting, legal, or financial purposes.

Market Price

The prevailing market rate at which one can purchase or sell an asset or service.

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