Final answer:
A bond is an 'I owe you' note that an investor receives in exchange for capital. It has a face value, coupon rate, and maturity date. The options provided in the question refer to the maturity date of a bond.
Step-by-step explanation:
In financial terms, a bond is basically an 'I owe you' note that an investor receives in exchange for capital (money). The bond has a face value, which is the amount the borrower agrees to pay the investor at maturity. It also has a coupon rate or interest rate, which is usually semi-annual, and a maturity date when the borrower will pay back its face value as well as its last interest payment.
The options listed in the question refer to the maturity date of a bond. Option 1) Secured and 2) Unsecured do not define a note, while option 3) Maturity less than 10 years and option 4) Maturity in excess of 10 years refer to the length of time until the borrower pays back the bond's face value and last interest payment.