Secured Bond
Categories: Bonds, Muni Bonds
A secured bond is backed by an asset. It guarantees that if the company gets into trouble and can't pay you back, they will sell the asset and use the money to pay the principal and interest on their bonds.
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A secured bond is backed by an asset. It guarantees that if the company gets into trouble and can't pay you back, they will sell the asset and use the money to pay the principal and interest on their bonds.