The Twenty-Second Amendment Restricts the Length of Presidency to Two

question 2

Essay

The Twenty-Second Amendment restricts the length of presidency to two terms. The only president to serve more than two terms was Franklin Delano Roosevelt, who died shortly after beginning his fourth term in 1945. What are the pros and cons associated with this Amendment?

---

Definitions:

Convertible Bonds

Bonds that can be converted into a predetermined number of shares of the issuing company's equity at certain times during their life, usually at the discretion of the bondholder.

Bond Redemption

The process whereby a bond issuer returns the bond's principal value to the bondholder, effectively terminating the bond at or before its maturity.

Carrying Value

Carrying Value is the book value of an asset or liability on a company's balance sheet, calculated as the original cost minus depreciation, amortization, or impairment costs.

Mortgage Note

A legal document that binds a borrower to repay a loan used to purchase property, outlining the terms of the mortgage.