Which of the Following Provisions Would NOT Be Listed in the Bond

question 9

Multiple Choice

Which of the following provisions would NOT be listed in the bond indenture?

• A) Amount of bonds issued.
• B) Repayment arrangements.
• C) The total amount of bonds issued.
• D) Protective covenants.
• E) Interest rate on similar risk bonds.

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Definitions:

Paper Currency

Legal tender issued by a government or central bank in the form of paper notes.

Negotiable Instrument

A signed document promising a sum of payment to a specified person or the assignee which is transferable by endorsement.

Sum Certain

A specific, agreed-upon amount of money owed under a contract that is not subject to change.

Unconditional Promise

A commitment or guarantee that is not subject to any conditions or contingencies.