Bonds Secured by a Pledge of Specific Assets Are Called

question 95

True/False

Bonds secured by a pledge of specific assets are called debenture bonds.

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Definitions:

Commercial Law

The branch of law that deals with the rights, relations, and conduct of persons and businesses engaged in commerce, merchandising, trade, and sales.

Contract Law

The body of law that governs the creation, enforcement, and termination of contracts between parties.

Statute of Frauds

A legal doctrine that requires certain types of contracts to be in writing and signed by the party to be charged in order to be enforceable.