Examlex
List four attributes of a Private Purpose Trust Fund.
Contractual Agreement
A contractual agreement is a legally binding arrangement between two or more parties outlining their rights, duties, and responsibilities.
Bondholders
Investors who are the legal owners of bonds, which are debt securities issued by corporations or governments.
Interest Payments
Regular payments made by a borrower to a lender, compensating the lender for the opportunity cost of lending money.
Bond Rating
An assessment of the credit quality of a bond by rating agencies, indicating its creditworthiness.
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