Some Bonds Mature in Installments

question 24

Multiple Choice

Some bonds mature in installments.If a bond issue contains this feature,the bonds are known as:

• A)secured bonds.
• B)convertible bonds.
• C)callable bonds.
• D)serial bonds.

---

Definitions:

Property Rights

Legal rights related to the ownership, use, and disposal of property.

Death

The cessation of all biological functions that sustain a living organism.

Partnership Agreement

A contract between partners in a partnership which outlines the terms and conditions of the relationship in detail.

Partners

Individuals or entities that engage in business or ventures together with shared risks and profits.