Which term describes securities that generate predetermined periodic interest or dividend income, including government and corporate bonds, mortgages, and preferred shares?

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Securities that deliver a steady, contractually fixed stream of income are fixed income securities. The payments—like interest on bonds or fixed dividends on preferred shares—are predetermined and occur on a regular schedule, so investors know exactly how much income to expect and when. Examples include government bonds, corporate bonds, mortgages, and many preferred shares, all of which are designed to provide predictable cash flows. In contrast, equity securities involve ownership in a company and typically have dividends that aren’t guaranteed; derivatives are contracts whose value depends on other assets; and mutual funds are investment vehicles rather than a single income-generating asset class. So the term described is fixed income securities.