A Trustee Is a Paid Party Representing the Bond Issuer

question 41

True/False

A trustee is a paid party representing the bond issuer in the bond indenture.

---

Definitions:

Phishing

Online fraud in which criminals pretend to be legitimate companies by using e-mails or malicious websites that trick individuals and companies into providing useful information, such as bank account numbers, Social Security numbers, and credit-card numbers.

Identity Theft

The act of stealing another’s identifying information—such as a name, date of birth, or Social Security number—and using that information to access the victim’s financial resources.

Cyber Fraud

Fraud that involves the online theft of credit-card information, banking details, and other information for criminal use.

Unauthorized

Acting or being present without official permission or approval.