Which of the Following Types of Bonds Are Unsecured

question 89

Multiple Choice

Which of the following types of bonds are unsecured?

• A) mortgage bond
• B) equipment trust certificate
• C) debenture bond
• D) agency bond
• E) all of the above are unsecured

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Definitions:

ADR Process

The Alternative Dispute Resolution (ADR) process is a way to solve disputes without litigation, using techniques like mediation, negotiation, or arbitration.

Litigants

Parties involved in a lawsuit, including both the plaintiff (the party bringing the suit) and the defendant (the party being sued).

Submission Agreement

A legal agreement where parties agree to submit a current or future dispute to arbitration, without necessarily specifying the details of the arbitration process.

Lawsuit

A legal action initiated by one party against another in a court of law to enforce or defend a legal right.