A Bond That Has No Collateral Is Called _________

question 36

Multiple Choice

A bond that has no collateral is called _________.

• A) a callable bond
• B) a debenture
• C) a junk bond
• D) a mortgage

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Definitions:

Egalitarian Nature

The quality or state of believing in or promoting equal rights, benefits, and opportunities for all individuals.

Inequality

The state of being unequal, particularly in terms of rights, status, or opportunities among different groups of people.

Veil of Ignorance

A concept in moral and political philosophy that suggests making decisions with a hypothetical lack of information about one's status or position in society to ensure fairness.

Original Position

A hypothetical scenario used in political philosophy, particularly by John Rawls, to establish principles of justice that are chosen by individuals under a veil of ignorance, without knowledge of their place in society.