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Open it Secured bonds are backed by assets or financial guarantees pledged to ensure debt repayment in the case of default.
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3.1.3.1. Seniority Ranking Secured bonds are backed by assets or financial guarantees pledged to ensure debt repayment in the case of default. In contrast, unsecured bonds have no collateral; bondholders have only a general claim on the issuer’s assets and cash flows. Thus, unsecured bonds are paid after secured bonds in the ev
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