Examlex
Which of the following savings plans is not covered by federal deposit insurance?
Bond Trustee
A third party in a bond agreement who ensures that the issuer meets all terms and conditions for the benefit of bondholders.
Redemption Payments
Payments made to buy back or retire a financial instrument, such as bonds, from investors before its maturity date.
Callable Bond
A type of bond that gives the issuer the right to repay the bond before its maturity date, typically at a predefined call price.
Deferred Call Period
A time frame during which a company cannot redeem a callable security, usually a bond, prior to a specified date.
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