Which of the Following Terms Applies to a Bond Issue

question 112

Multiple Choice

Which of the following terms applies to a bond issue for which the issuer puts money aside at regular intervals for the purpose of redeeming the bonds?

• A)serial
• B)default
• C)sinking fund
• D)low-coupon
• E)convertible

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Definitions:

General Purpose

The broad, overarching goal or intention behind an action, project, or piece of work.

Specific Purpose

A clear statement that defines the precise goal or objective intended to be achieved by a speech, presentation, or communication effort.

Planning Stage

The period in which detailed plans are made and preparations are undertaken for a project or event.

Three-Step Writing Process

A methodology for producing written communication that involves planning, writing, and completing.