Bonds with No Default Risk Are Called

question 1

Multiple Choice

Bonds with no default risk are called

• A)flower bonds.
• B)no-risk bonds.
• C)default-free bonds.
• D)zero-risk bonds.

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Definitions:

Breach

The failure to fulfill the terms of a contract, agreement, or duty, which can lead to legal action for enforcement or damages.

Breach

The violation or non-fulfillment of a legal obligation, agreement, or duty.

UCC

An acronym for the Uniform Commercial Code, which regulates sales and commercial transactions in the United States to bring uniformity across state laws.

Goods

Tangible products or merchandise that are produced, bought, and sold in the course of business operations.