Debt
Series 7 debt securities
A Series 7 debt-securities guide covering bond prices, yields, ratings, risks, corporate debt, municipal debt, government securities, and suitability.
Read. Recall. Practice. Rehearse.
Use the same reading, recall, practice, and review loop you will rely on while studying.
436-page handbook
1,000 mapped questions
385 recall cards
Direct answer
Series 7 debt securities
A Series 7 debt-securities guide covering bond prices, yields, ratings, risks, corporate debt, municipal debt, government securities, and suitability.
- Start with the free diagnostic to find weak topics.
- Use the related study pages below to repair the missed rule.
- Then prove the rule in mapped practice questions and a timed exam simulation.
Study sequence
Use the page, then prove it in reps.
Read the strategy, run a short diagnostic, repair the missed rule, then move into mapped practice.
On this page
Debt questions start with the bond relationship
Before memorizing every bond type, make the core relationship automatic: coupon is fixed, market yield changes, and price adjusts in the opposite direction. From there, learn how maturity, call features, credit quality, and tax treatment change suitability.
The debt map
Corporate debt
Indentures, secured versus unsecured debt, ratings, conversion, calls, and refunding.
Municipal debt
GO versus revenue, tax treatment, MSRB rules, and official statements.
Government securities
Treasuries, agencies, T-bills, notes, bonds, and quoted yields.
Risks
Interest-rate risk, reinvestment risk, call risk, credit risk, inflation risk, and liquidity risk.
How PassSeries7 teaches debt
PassSeries7 turns that work into one chapter loop: a 436-page textbook, 385 flashcards, 1,000 mapped practice questions, endless practice, readiness tracking, and a 125-question timed simulation. Debt chapters use diagrams, flashcards, and mapped questions so yield math, risk, and suitability stay connected.
Debt questions connect math to risk
Bond math is not isolated from recommendations. A premium bond, discount bond, callable bond, or long-maturity bond changes risk and suitability. The price-yield relationship tells you direction, but customer facts tell you whether the bond belongs in the account. When practicing debt, force every explanation into two sentences: what happened to the bond math, and what that means for the investor.
Yield movement
Market yield changes explain price direction.
Feature risk
Calls, maturity, credit quality, and tax status change the recommendation.
Customer fit
Income need, tax bracket, and risk tolerance decide whether the bond makes sense.
A bond-review sentence that works
After every bond miss, force yourself to complete this sentence: because market yields moved ___, this bond's price moved ___, which matters to this customer because ___. That single sentence connects math, risk, and suitability. It also catches questions where the right answer is not the price move alone but the customer impact of call risk, maturity, tax status, or credit quality.
Candidate questions
Frequently asked
What is the most important debt concept for the Series 7?
Price and yield move inversely. That relationship drives many bond-price, yield, call, and suitability questions.
Are municipal bonds part of debt securities?
Yes. Municipal bonds are a major debt category, but they deserve separate study because tax and MSRB rules add extra layers.
How should I practice bond questions?
Start with price/yield mechanics, then drill product type, risk, tax treatment, and customer suitability in mixed sets.
Next study steps
Related Series 7 resources
- Series 7 study guide
The chapter outline for all 20 PassSeries7 textbook chapters.
- Series 7 practice questions
1,000 mapped questions with explanations and endless practice.
- Free Series 7 practice test
A free sample test with explanations and next-step scoring guidance.
- Pricing
$90/month or $420 lifetime. Both plans include the full textbook, flashcards, mapped practice, and exam simulation.
- Series 7 flashcards
385 section-tagged cards built for recall, not passive rereading.
- Series 7 debt securities practice questions
Price/yield, bond risk, accrued-interest, and convertible debt drills with visible explanations.
- Series 7 municipal bonds
GO bonds, revenue bonds, tax treatment, MSRB rules, and disclosure details.
- Series 7 municipal practice questions
GO, revenue, tax, MSRB, and municipal suitability drills with visible explanations.
- Series 7 taxation
Taxable, tax-free, tax-deferred, capital-gain, and retirement-account tax clues.
- Investment companies
Mutual funds, ETFs, UITs, share classes, sales charges, and suitability.
Turn the article into reps
Connect bond math to recommendations
Use debt reading, recall, and mapped questions to keep yield, risk, and suitability in the same loop.
PassSeries7 is an independent study product and is not affiliated with FINRA or any official exam body. The 2026 FINRA Series 7 outline is published at finra.org/series7.
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