Which of the Following Is a Fund to Which Annual

question 73

Multiple Choice

Which of the following is a fund to which annual or semiannual deposits are made for the purpose of redeeming a bond issue?

• A)call feature
• B)sinking fund
• C)deposit fund
• D)premium fund
• E)savings account

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Definitions:

Crown Patent

A legal document that grants land ownership rights in Commonwealth countries, issued by the government.

Fixture

A chattel that is constructively or permanently attached to land.

Utility

A service provided by a company or public entity, such as electricity, water, or telecommunications, regarded as essential for daily living.

Restrictive Covenant

A contractual clause limiting future behaviour. A means by which an owner of property may continue to exercise some control over its use after the property has been conveyed to another.