A Sinking Fund

question 35

Multiple Choice

A sinking fund

• A)is a claim on assets not otherwise pledged as security.
• B)is used solely to retain funds until a bond issue matures.
• C)is managed by a trustee.
• D)is established during a bankruptcy proceeding to repay secured debts.
• E)ensures all bonds are repaid prior to the original maturity date.

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Definitions:

Prosimians

A group of primates that includes lemurs, lorises, and tarsiers, often characterized by their nocturnal habits and reliance on smell.

Allogrooming

The practice among animals of grooming each other, which serves social bonding and hygiene purposes.

Concealed Ovulation

A phenomenon in some species where there are no obvious visible signs to males when the female is fertile.

Primates

An order of mammals that includes humans, apes, monkeys, and prosimians, characterized by large brains, forward-facing eyes, and dexterous hands.