A Bond That Does Not Permit Future Bond Issues to Be

question 173

Multiple Choice

A bond that does not permit future bond issues to be secured by any of the assets pledged as security to it is called a(n) :

• A) first mortgage bond
• B) equipment trust certificate
• C) closed-end mortgage bond
• D) open-end mortgage bond

---

Definitions:

Osteoarthritis

A degenerative joint disease characterized by the breakdown of cartilage and underlying bone, causing pain, swelling, and diminished motion in the affected joints.

Over-the-counter

Refers to drugs and medications that can be purchased without a prescription.

Anti-inflammatory drugs

Medications designed to reduce inflammation, relieving symptoms like swelling, pain, and redness, commonly used in conditions like arthritis and other inflammatory diseases.

Rheumatoid arthritis

A chronic inflammatory disorder affecting joints, causing pain, swelling, and potential loss of function, often autoimmune in nature.