Identify the Type of Bond with Predictable Cash Flows

In the context of fixed income investments, bonds can be categorized based on their characteristics and issuer. Understanding these categories is vital for investors looking to diversify their portfolios. One specific type of bond is structured to provide its holder with more predictable cash flows compared to traditional bonds, even in uncertain economic climates. These bonds often feature features like payment priorities and risk mitigation strategies. Select the option that best describes this type of bond.