What Is the Name Used for the Type of Secured

question 4

Multiple Choice

What is the name used for the type of secured bond that requires a pledge of a designated piece of property in case of default?

• A)Debenture bond
• B)Indenture bond
• C)Mortgage bond
• D)Registered bond

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Definitions:

Partnership Share

The portion of ownership interest that a partner has in a partnership, often determining the share of profits and losses and the extent of liability.

Liquidated

The process of converting assets into cash or liquid assets, often in the context of dissolving a company or settling debts.

Existing Partnership

An ongoing business relationship between two or more persons who cooperate to conduct business activities for profit.

Jointly

In cooperation or shared between two or more parties.