Dictionary of Business Terms: secured bond
secured bond
bond backed by the pledge of collateral, a mortgage, or other lien. The exact nature of the security is spelled out in the indenture. Secured bonds are distinguished from unsecured bonds, called debentures.
Dictionary of Finance and Investment Terms: secured bond
secured bond
bond backed by the pledge of collateral, a mortgage, or other lien. The exact nature of the security is spelled out in the indenture. Secured bonds are distinguished from unsecured bonds, called debentures.
