Select from the option list provided the type of bond described in each item below....

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Question

Accounting

Select from the option list provided the type of bond described in each item below. Each choice may be used once, more than once, or not at all.

Description

Answer

1. Backed by the borrowers general credit only

2. Usually backed by real estate

3. Usually bearer instruments

4. May be retired before maturity

5. Payable at prices related to gold

6. Issued by governmental units

7. Pays interest only at maturity

Debentures

Mortgage Bounds

Term Bounds

Coupon bounds

Income bounds

Deep discount bounds

Commodity-backed bound

Revenue bounds

Callable bound

Collateral trust bounds

Answer & Explanation Solved by verified expert
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