Secured Bond

From Open Risk Manual

Definition

Secured Bond. Bond that is backed by collateral, such as a tangible asset or income stream, in addition to a general promise to pay

A secured bond may be collateralized by a claim on real assets, such as a factory or auto fleet; or by a claim on a revenue stream. A secured bond differs from a mortgage in that proceeds of the bond sale aren't used to acquire the asset.

Disclaimer

This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.

Facts about "Secured Bond"
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https://spec.edmcouncil.org/fibo/ontology/SEC/Debt/Bonds/index-en.html +