A Bond That Has No Collateral Is Called a ________

question 26

Multiple Choice

A bond that has no collateral is called a ________.

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

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Definitions:

Second Continental Congress

A convention of delegates from the Thirteen Colonies that started meeting in 1775, during the American Revolution, which eventually declared independence from Britain.

Commander-In-Chief

The role of the President of the United States as the supreme commander of the military forces of the country and of the state National Guard units when they are called into federal service.

Establishing an Army

The act of organizing and instituting a military force capable of defending a country or participating in military operations.

First Draft

The initial version of a document or work, prior to revision and editing, serving as the starting point for further development.