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Ch16 Matching Quiz - collateral that must be forfeited in...

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MATCHING QUIZ Match the following statements with the correct key term. bonds unsecured bonds secured bonds serial bonds floating rate bonds junk bonds These bonds are not backed by specific collateral. This is a sequence of small bond issues of progressively longer maturity. These are debt instruments that larger companies sell to raise long-term funds. These bonds are backed by specific
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Unformatted text preview: collateral that must be forfeited in the event that the issuing firm defaults. These bonds do not have fixed interest payments; instead, the interest rate changes with current interest rates otherwise available in the economy. These bonds offer relatively high rates of interest because they have higher inherent risks....
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