If a Bond Covenant Is Not Met, Then the Bond

question 51

True/False

If a bond covenant is not met, then the bond goes into technical default and the bondholder can demand immediate repayment or force the company to renegotiate the terms of the bond.

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Definitions:

Committed Partners

Individuals in a relationship who have made a mutual decision to share a life together, implying emotional and often legal bonds.

Separate Homes

Living arrangements where family members or partners live in different houses or locations.

Abusive Relationship

A dysfunctional relationship dynamic where one partner exerts power over the other through physical, emotional, sexual, or psychological abuse.

Divorce

The legal dissolution of a marriage by a court or other competent authority, terminating the marital union and the accompanying legal duties and responsibilities.