If a Letter Is Addressed to an Individual, the Individual's

question 4

True/False

If a letter is addressed to an individual, the individual's personal title (Mr., Mrs., Ms.) or professional title (Dr., Professor) is included as a sign of courtesy.

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Definitions:

Retractable Bond

Bond that may be sold back to the issuer at a prespecified price before maturity.

Debenture

An unsecured loan certificate issued by a company, backed only by the general creditworthiness and reputation of the issuer.

Default Risk

The likelihood that a debtor may not fulfill their debt contract obligations.

Yield Maturity

The term generally refers to the date when a bond or other fixed-income security matures, at which point the issuer is obligated to pay the principal amount back to the bondholders.