Examlex
Which of the following is not an illiquid asset used as backing for bonds?
Bonds
Debt securities issued by corporations or governments to raise funds, promising to repay the borrowed amount plus interest to bondholders.
Convertible Bonds
Bonds that permit bondholders to convert them into common stock at the bondholders’ option.
Common Stock
A type of equity security that represents ownership in a corporation, giving holders voting rights and a share in the company's profits through dividends.
Premium
An amount paid in addition to a standard price or rate, often for insurance or an enhanced level of service or coverage.
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