An Unsecured Bond Is Referred to as A(n)

question 54

Multiple Choice

An unsecured bond is referred to as a(n) :

• A)indenture.
• B)debenture.
• C)mortgage bond.
• D)subordinated mortgage bond.

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Definitions:

Tenancy at Sufferance

A legal situation where a tenant continues to occupy a property after the expiration of a lease, without the landlord's express permission.

Fails to Vacate

Refers to the situation where an individual or entity does not leave a property as legally required, often violating a lease or notice.

Joint Tenancy

A form of co-ownership where parties own property equally with the right of survivorship, meaning that upon the death of one, the property entirely passes to the surviving owner(s).

Same Instrument

A term used in legal and financial contexts to refer to the original document or piece of evidence in question, without any alterations or modifications.