The Refunding Provision of an Indenture Allows Bonds to Be

question 38

Multiple Choice

The refunding provision of an indenture allows bonds to be retired unless

• A) They are replaced with a lower coupon bond issue.
• B) The remaining time to maturity is less than five years.
• C) The remaining time to maturity is greater than five years.
• D) The stated time period in the indenture has not passed.
• E) The stated time period in the indenture has passed.

---

Definitions:

Metalinguistic Awareness

Metalinguistic Awareness is the ability to think about and reflect upon the nature and functions of language itself.

Sarcasm

The use of irony to mock or convey contempt.

Telegraphic Speech

A simplified speech pattern used by young children, characterized by short, simple phrases that contain only the essential information, much like an old-fashioned telegram.

Linguistic Relativity

The hypothesis that the structure of a language affects its speakers' world view or cognition, suggesting language influences thought processes.