Kieso, Weygandt, Warfield, Young, Wiecek Intermediate Accounting, Eighth Canadian Edition 14-3 d. Serial Bonds. Issues that mature in periodic instalments. e.Mortgage Bonds. Secured bonds having a claim on real estate. f.Junk Bonds. Term used to describe bonds that are unsecured and pay a high rate of interest because of the high risk associated with the bonds. g.Debenture Bonds. Unsecured bonds. h.Convertible Bonds. Bonds that may be exchanged for other securities of the corporation. i.Commodity-Backed Bonds. Bonds that are redeemable in measures of a commodity such as barrels of oil, bushels of wheat, or ounces of a rare metal (also called asset-linked bonds). j.Deep Discount Bonds. Bonds sold at a discount that provides the buyer's total interest payoff at maturity (in Canada, zero-coupon bonds, or stripped bonds, are a form of deep-discount bond). k.Income Bonds. Interest payments depend on the existence of operating income.
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