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secured bond
Thesaurus| Noun | 1. | secured bond - a bond that is back by collateralbond certificate, bond - a certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money; the issuer is required to pay a fixed sum annually until maturity and then a fixed sum to repay the principaldebenture, debenture bond, unsecured bond - the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future |
Secured bond
Secured bondA bond backed by the pledge of collateral, a mortgage, or other lien, as opposed to an unsecured bond, called a debenture .Secured BondA bond with collateral. That is, the issuer pledges a property or other asset to the bondholders and states that they may take ownership if the issuer defaults. For example, a municipality may secure a bond with future receipts on property taxes. Likewise, a company may secure its bonds with a factory. Secured bonds carry less risk than unsecured bonds and therefore have lower coupon rates, which reduces the issuer's borrowing costs. All secured bonds must be repaid before any unsecured bonds are repaid.secured bond A bond that is guaranteed with a pledge of assets. A bond might be secured with real estate.Secured bond.The issuer of a bond or other debt security may guarantee, or secure, the bond by pledging, or assigning, collateral to investors. If the issuer defaults, the investors may take possession of the collateral. A mortgage-backed bond is an example of a secured issue, since the underlying mortgages can be foreclosed and the properties sold to recover some of or all the amount of the bond. Holders of secured bonds are at the top of the pecking order if an issuer misses an interest payment or defaults on repayment of principal. secured bond
Related to secured bond: unsecured bondAntonyms for secured bondnoun a bond that is back by collateralRelated WordsAntonyms- debenture
- debenture bond
- unsecured bond
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