SALE ENDS AT MIDNIGHT: Get started with $1000 off!

Secured Bond

Secured Bond

A secured bond is a long term liability that has collateral.

If American Airlines issued a $500,000 bond secured with a 747 airplane that means if they didn’t pay, the bond holders could seize the 747 and sell it to get their money back.

There is currently no content classified with this term.

Get instant access to step-by-step instructions on how to apply and sit for the CPA Exam.