Putting Ethics into Practice Requires Not Simply Decision-Making, but _____

question 28

Short Answer

Putting ethics into practice requires not simply decision-making, but _____ decision-making.

---

Definitions:

Bond Rating

A measure of the likelihood of default on payment of interest or principal. Ratings are prepared by rating agencies. The best known agencies are Moody’s and Standard and Poor’s.

Restrictive Covenants

Provisions in a contract or loan agreement that limit the borrower's actions, intended to protect the lender by maintaining the borrower's creditworthiness.

Call Provision

A clause in a bond contract that allows the issuer the right to redeem the bond before its maturity date under specific conditions.

Par Value

The nominal or face value of a bond, share of stock, or coupon as stated by the issuer, often used in the calculation of interest payments and dividends.