Which of the Following Is a Debt Instrument That Specifies

question 12

Multiple Choice

Which of the following is a debt instrument that specifies the timing of principal and interest payments?

• A) stock
• B) bond
• C) share
• D) equity

---

Definitions:

Substantial

Of considerable importance, size, or worth; significant enough to merit attention.

Assignee

is an individual or entity to whom rights or interests have been transferred by another party.

Timely Fashion

Completing tasks or obligations within a designated or reasonable time frame.

Statute of Frauds

A rule of law that mandates specific types of contracts must be documented and signed by the involved party to deter fraudulent activities and false testimonies.