Multiple Choice Question

$A(n)$

is a legal agreement that helps to protect a lender if a borrower does not make required payments on notes or bonds. This

agreement gives the lender the right to be paid from the cash proceeds of the sale of the borrower's assets, as identified in the

agreement.

mortgage

collateral agreement

note payable

Need help? Review these concept resources.

$$ Read About the Concept

Multiple Choice Question

bonds $($and notes$)$ have specific assets of the issuer pledged $($or mortgaged$)$ as collateral.

Secured

Term

Registered

Convertible

Need help? Review these concept resources.

$$

Read About the Concept