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Course Catalog > Bonds > 100
Bonds 107: Secured and Unsecured Bonds

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1.
Which bond's interest and principal can be repaid by the US government?
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Treasury bond. The US Treasury sells its own bonds.
2.
Mortgage bonds are backed by _______.
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Real estate. That is why they are called mortgage bonds.
3.
Municipal bonds that are not backed by collateral are called _______.
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General obligation bonds. Their collateralized counterparts are called revenue bonds.
4.
What is a debenture?
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A bond without collateral behind it. Some pay high yields, and many are sold by corporations, but all of them lack collateral.
5.
Which unsecured bond can be exchanged for stock?
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Convertible bond. This bond has no collateral backing it.