Bonds payable issued with collateral are called:

A) debenture bonds.
B) serial bonds.
C) term bonds.
D) secured bonds.

Bonds Payable

A long-term liability account that records the amounts owed by a company to bondholders, to be repaid at a future date.

Collateral

An asset pledged as security for repayment of a loan, to be forfeited in the event of default.

Secured Bonds

Bonds that are backed by collateral, providing a safer investment option with lower interest rates due to reduced risk.