Which One of the Following Is the Clause Which Prevents

question 94

Multiple Choice

Which one of the following is the clause which prevents a bond issuer from issuing new debt that has seniority over current debt?

• A) first-in-line
• B) sinking fund
• C) call provision
• D) affirmation
• E) negative pledge

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Definitions:

\(n + 2\)

Represents an algebraic expression in which 2 is added to a variable n.

\(n + 1\)

An expression representing one more than a given number \(n\).

\(( n + 6 ) !\)

A notation indicating the factorial of n plus 6, meaning the product of all positive integers up to n+6.

\(( n + 3 ) !\)

Denotes the factorial of the sum of a variable n and 3, representing the product of all positive integers up to and including (n+3).