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    Fundamental Financial Accounting Concepts Study Set 1
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    Exam 10: Accounting for Long-Term Debt
  5. Question
    What Is the Name Used for the Type of Secured
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What Is the Name Used for the Type of Secured

Question 4

Question 4

Multiple Choice

What is the name used for the type of secured bond that requires a pledge of a designated piece of property in case of default?


A) Debenture bond
B) Indenture bond
C) Mortgage bond
D) Registered bond

Correct Answer:

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