Ignoring Default, Which of the Following Is NOT Accurate: Prior

question 149

Multiple Choice

Ignoring default, which of the following is NOT accurate: prior to maturity, ______________.

• A) An unprotected callable bond can be terminated (called) by the issuer.
• B) An income bond can be terminated (repaid) by the issuer.
• C) A convertible bond can be terminated (converted) by the investor.
• D) A put bond can be terminated (put) by the investor.
• E) A bond with a sinking fund can be terminated (repaid) by the bond trustee.

---

Definitions:

Requirements

Conditions or capabilities needed for something to be achieved, such as the specifications for software or the qualifications for a job.

Holder-in-Due-Course Status

Holder-in-due-course status refers to a legal protection granted to the holder of a negotiable instrument, who takes the instrument for value, in good faith, and without notice of any defects or claims against it.

Personal Defense

Legitimate reasons or arguments used by a defendant in a legal proceeding to challenge the enforceability of a demand made against them in a personal rather than real property context.

Real Defense

A liability defense that applies universally to all parties.