By Issuing Bonds with a ________, the Corporation Retains the Right

question 222

Multiple Choice

By issuing bonds with a ________, the corporation retains the right to pay off the bond prior to the maturity date.

• A) redemption feature
• B) discount clause
• C) retirement privilege
• D) call provision

---

Definitions:

Hail

Frozen precipitation in the form of balls or irregular lumps of ice, often occurring during strong thunderstorms.

Monetary Compensation

Financial payment provided to an individual for services rendered, such as a salary, wages, or benefits.

Breach of Contract

Not meeting any provision of a contract, be it written or spoken, without an acceptable legal justification.

Principle of Mitigation

The legal obligation on a party suffering loss to take reasonable action to minimize the amount of the loss suffered.