Which of the following definitions describes a term bond?

A) Matures on a single date.

B) Secured only by the "full faith and credit" of the issuing corporation.

C) Matures in installments.

D) Supported by specific assets pledged as collateral by the issuer.

Answer: A

Which of the following definitions describes a secured bond?

A) Matures on a single date.

B) Secured only by the "full faith and credit" of the issuing corporation.

C) Matures in installments.

D) Supported by specific assets pledged as collateral by the issuer.

Answer: D

Which of the following definitions describes a serial bond?

A) Matures on a single date.

B) Secured only by the "full faith and credit" of the issuing corporation.

C) Matures in installments.

D) Supported by specific assets pledged as collateral by the issuer.

Answer: C