All About Self-Control. Self-control separates us from our ancient ancestors and the rest of the animal kingdom, thanks to our large prefrontal cortex. It is the ability to subdue our impulses in order to achieve longer-term goals.
A secured debt is money borrowed that is guaranteed (or secured) by the borrowerâs funds or assets and held by the lender in an interest-bearing account. More On Secured Debt Definition
A secured bond is backed by collateral which may be sold by the bondholder to satisfy a claim if the bond's issuer fails to pay interest and principal when they are due. An unsecured bond or debenture is backed by the full faith and credit of the issuer, but not by any specific collateral. 1  Corporate bonds are issued by corporations and are rated according to their quality. 2  Municipal bonds are issued by state, city and local municipalities.