Types of Bonds,”Debentures: unsecured, high riskSubordinated Debentures: unsecured, high risk, lower claim to assetsMortgage Bonds: collateral, usually real estateZero Coupon Bonds: pay no coupon interest paymentsJunk Bonds: bonds with a rating of BB or belowEurobonds: payable in a currency not native to country of issueConvertible bonds: ability to convert into equity securities

Types of Bonds,”Debentures: unsecured, high riskSubordinated Debentures: unsecured, high risk, lower claim to assetsMortgage Bonds: collateral, usually real estateZero Coupon Bonds: pay no coupon interest paymentsJunk Bonds: bonds with a rating of BB or belowEurobonds: payable in a currency not native to country of issueConvertible bonds: ability to convert into equity securities

usually common stock”