Series 7 Corporate Bonds: Secured vs Unsecured, Ratings, Calls, Puts & Bankruptcy Priority

Corporate bonds for the Series 7, told through Hertz's 2020 bankruptcy and its surprise 2021 recovery: mortgage bonds, equipment trust certificates, collateral trust bonds, debentures, subordinated and income bonds, the Trust Indenture Act, credit ratings and the investment-grade line, calls, make-whole calls, sinking funds and puts, and a worked liquidation showing who gets paid first. Full audio episode: The Finance Lab, Series 7 E16, on Spotify. Part of a 36-episode Series 7 season that follows the FINRA content outline. Educational content, not investment or legal advice.