A ________ Is a Restrictive Provision on a Bond Which

question 126

Multiple Choice

A ________ is a restrictive provision on a bond which provides for the systematic retirement of the bonds prior to their maturity.

• A) redemption clause
• B) sinking-fund requirement
• C) conversion feature
• D) subordination clause

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Definitions:

Nonmandated Benefits

Refers to the voluntary provision of benefits by employers, such as dental insurance, retirement plans, and paid time off, that are not required by law.

Perquisite

A benefit or privilege granted to an employee in addition to their regular salary or wages, often referred to as a "perk."

Point System

The point system for job evaluation requires managers to quantify, in objective terms, the value of the various elements of specific jobs.

Life-Cycle Benefits

Benefits and support provided by an employer that address different stages of an employee's life, such as childcare, education support, and retirement planning.