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Which of the following describes a secured bond? O A. a bond that matures in installments at regular intervals OB. a bond tha
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D. A bond that is backed by issuer’s specific assets

The term secured means safe where something as collateral is attached as value. Secured bond is kind of bond where it is secured or backed by issuer’s pledge of the asset which is agreed between both parties. Such assets tied to bond is specific to contract and hence, called specific assets. In other words, they form collateral to the bond. The bond is then secured by the specific assets.

Hence, secured bond is backed by issuer’s specific assets.

The correct option is D.

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