Provide a definition of each of the following types of bonds
Bond Type Definition
Term
Serial
Secured
Debenture
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Bond Type Definition
Term The bonds mature at the same specified time.
Serial The bonds mature in installments at regular intervals.
Secured If the issuer fails to pay principal or interest, the bondholders have the right to take specified assets.
Debenture Unsecured bonds are backed only by the credit worthiness of the bond issuer.
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Fill in the blank(s) with correct word
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