If a Person Dies Without Making a Will, the ____________________

question 10

Short Answer

If a person dies without making a will, the ____________________ determines how the deceased's property is distributed.

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Definitions:

Bondholder's Risk

The risk that a bond issuer will default, resulting in the loss of both periodic interest payments and the principal investment to the bondholder.

Registered Bonds

Bonds that are recorded in the name of the holder on the issuing company's books, ensuring that only the registered holder receives interest payments.