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Standard and Poor's Has Evaluated Syntex Corporation's New Issue of Bonds

question 98

Multiple Choice

Standard and Poor's has evaluated Syntex Corporation's new issue of bonds as BB+.This is an example of which of the following?


Definitions:

Unlimited Liability

A legal structure in which the owner's personal assets can be used to pay off the business's debts without limit.

Proprietor

An individual who owns a business establishment or sole proprietorship, having full control and responsibility for its operations and profits.

Corporate Shareholders

Individuals or entities that legally own one or more shares of stock in a corporation, thus having a claim on a part of its assets and earnings.

Limited Liability

A legal structure that limits the personal financial risk of the company's shareholders to their investment in the company.

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