Loans that used land granted by state and federal governments as collateral. Monster mortgages . Consolidated mortgages that repay several smaller, higher interest mortgages in exchange for one larger mortgage with lower interest payments . No-par value stocks . Stock with no stated value.
Companies sell such stock at market rates.
Non-assessable stock . Stock immune from further company demands for investment. Non-cumulative income bond . A type of bond that pays interest only when there is sufficient income. Missed payments are not made up.