A Defense Is the Response of a Party to a Claim

question 14

True/False

A defense is the response of a party to a claim of another party, setting forth the reason(s) the claim should not be granted.

---

Definitions:

Coupon Bond

A type of bond that pays the holder periodic interest payments based on a fixed rate and returns the principal at maturity.

Face Value

The nominal value or dollar value printed on a bond, stock, or other financial instrument, not necessarily its current market value.

Bond Matures

The point in time when a bond's principal amount is payable to the bondholder, and the obligation of the issuing party ends.

Current Market Value

The present financial value of an asset or company based on its trading price in the market, subject to fluctuations.