A Security Not Fixed on Any Particular Assets Until Default

question 26

Short Answer

A security not fixed on any particular assets until default or some other specified event is known as a ________.

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Definitions:

Faults and Fractures

Breaks in the Earth's crust where blocks of the crust have moved relative to each other due to tectonic forces.

Ore

A rock, sediment, or other material that can be mined for a profit.

Mineral Deposit

Concentrated accumulations of minerals from which economically valuable materials can be extracted.

Oxide

1. Any member of a group of minerals that consist of oxygen bonded with a metallic element, like iron. 2. Mineralized rock that contains minerals, especially those of iron and copper, that formed near the surface or in other oxidizing conditions.