Examlex
The risk associated with unavailable funds when there is a need to make a payment is which of the following?
Quoted
Refers to the current price of a security, commodity, or index as provided by a market or exchange.
Callable Bond
A type of bond that the issuer has the right to repay before its maturity date, at a predetermined call price.
Sinking Fund
A reserve fund established by a company to repay debt or replace a major asset in the future.
Income Bond
A type of bond that only pays interest if the issuing corporation has earned enough income to cover the interest payments, often used by companies in financial distress.
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