A _____ Is Assigned to Represent the Bondholders and to Guarantee

question 81

Multiple Choice

A _____ is assigned to represent the bondholders and to guarantee that the terms of the indenture are carried out. 

• A)federal government agent
• B)trustee
• C)liquidator
• D)negotiator
• E)rating agency

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Definitions:

Nominal Conditions

Conditions in name only, having little to no impact on the terms or outcome of a contract or agreement.

Specific Performance

A legal remedy in contract law that requires a party to perform their obligations under a contract, rather than only compensating the other party with money.

Agreement

A mutual understanding or arrangement between two or more parties, often formalized by a contract, regarding their rights and responsibilities.

Tender

An offer by a contracting party to perform, along with being ready, willing, and able to perform, a duty outlined in the contract.