The _________________ Refers to an Institution Intended to Isolate Prisoners

question 52

Multiple Choice

The _________________ refers to an institution intended to isolate prisoners from society and each other so that they could reflect on their past misdeeds, repent, and undergo reformation.

• A) ​panopticon
• B) ​jail
• C) ​reformatory
• D) ​penitentiary

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Definitions:

Sinking Fund

A reserve fund established by a company to repay debt or replace a preferred stock at a future date through periodic payments.

Bond Indenture

A legal contract between the bond issuer and the bondholders detailing the terms of the bond, including interest rate, maturity date, and other conditions.

Yield to Maturity

The expected full yield on a bond when held until its maturity period.

Semiannual Coupon

A bond payment made twice a year to bondholders, representing the interest payment on the bond’s face or nominal value.