Secured bonds:

A) Are called debentures.
B) Have specific assets of the issuing company pledged as collateral.
C) Are backed by the issuer's bank.
D) Are subordinated to those of other unsecured liabilities.
E) Are the same as sinking fund bonds.

Debentures

Long-term debt instruments issued by corporations to borrow money, often secured only by the general creditworthiness of the issuer.

Collateral

An asset that a borrower offers to a lender as security for a loan, which can be seized by the lender if the borrower fails to repay the loan.

Secured Bonds

Bonds that are backed by collateral or assets, providing a higher level of security to bondholders.