The financial definition for Secured bond:
A bond backed by the pledge of collateral, a mortgage, or other lien, as opposed to an unsecured bond, called a debenture .
Secured debtSecured debt
Debt that has first claim on specified assets in the event of default.
Unsecured debtUnsecured debt
Debt that does not identify specific assets that the debtholder is entitled to in case of default.
Writing cash secured putsWriting cash secured puts
An option strategy to avoid using a margin account. Instead of depositing margin with a broker, a put writer can deposit a cash balance equal to the option exercise price, and can avoid additional margin calls.
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