A PAC Bond Is a Class of Bonds Designed to Reduce

question 60

True/False

A PAC bond is a class of bonds designed to reduce prepayment risk by specifying a schedule for the amortization of the principal owed to the bondholder; the reduction in the prepayment risk comes at the expense of the support bonds.

---

Definitions:

Interpersonal Racism

Describes racism occurring between individuals, manifesting through personal bias, prejudices, or discriminatory behaviors.

Social Practices

The patterns of behavior and norms that are collectively accepted and followed by a society or social group.

Institutional Racism

Discrimination and unequal treatment based on race that is embedded within the policies, practices, and norms of organizations and institutions.

Interpersonal Racism

Racism that occurs between individuals, involving prejudicial attitudes or discriminatory actions based on race or ethnicity.