Examlex
Explain exception handling.
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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