SIE Exam Question 708: Answer and Explanation

Question: 708

Which of the following describes bonds that have a legal claim to specific assets in the event of default, insolvency, or liquidation?

  • A. Debenture bonds
  • B. Indenture bonds
  • C. Secured bonds
  • D. Unsecured bonds

Correct Answer: C

Explanation:

Secured bonds have a legal claim to specific assets in the event of default, insolvency, or liquidation.

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