There Are Five Trust Service Principles, Including Security and Integrity

question 64

True/False

There are five Trust Service principles, including security and integrity.

---

Definitions:

Collateral

Assets pledged by a borrower to secure a loan or credit, which can be seized by the lender if the borrower fails to repay.

Bond Trustee

A financial institution appointed to oversee the interests of bondholders, ensuring the bond issuer meets all terms and conditions.

Bond Indenture

A legal contract between a bond issuer and a bondholder that specifies the terms of the bond, such as the interest rate, maturity date, and payment schedule.