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After Jeff is expelled from school for missing too many classes, he seeks help from a therapist. The therapist develops a contract that specifies that if Jeff attends all his classes, he will be allowed certain privileges at home; but if he cuts classes he will be subject to certain penalties. Jeff's therapist is probably a ________ therapist.
Secured Bonds
Bonds that are backed by specific collateral that must be forfeited in the event that the issuing firm defaults.
Junk Bonds
High-yield, high-risk securities issued by corporations or municipalities considered to be at greater risk of default.
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