Fixed Income
Secured Bond
Definition
What is Secured Bond?
A bond backed by specified collateralAn asset pledged to secure repayment of an obligation..
Example in practice
How This Looks in Practice
PropertyLand and buildings held for use, rent, development, or capital appreciation. assets secure the bondholders' claims.
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Related Terms
Fixed Income
Bond
A debt security through which an investor lends money to an issuer in return for promised payments.
Fixed IncomeIssuer
The government, company, or organisation that creates and sells a security.
Fixed IncomeFace Value
The principal amount stated on a bond and usually repaid at maturity.
Money MarketsTreasury Bill
A short-term government debt instrument usually issued at a discount and repaid at face value.