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

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Definitions:

Material Breach

A significant failure to perform one's contractual obligations, which justifies the other party's termination of the contract.

Basic Principles

Fundamental rules or doctrines that form the foundation for a system of belief, behavior, or reasoning.

Specified Design

A detailed description or plan showing how something is to be made or built.

Accidental Fire

A fire that occurs unexpectedly and unintentionally, often resulting from negligence, a lack of attention, or an unforeseen event.