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Bonds Are Rated When Issued and This Rating Is Kept

question 86

True/False

Bonds are rated when issued and this rating is kept under review (and may be modified)up until when the bonds are redeemed.


Definitions:

Maxim

A general legal principle or rule that is widely accepted.

Restatements

Publications that organize and clarify the law, often used to understand complex legal principles.

American Law Institute

An independent organization in the United States that produces scholarly work to clarify, modernize, and improve the law.

Binding Laws

Legal rules that must be adhered to by individuals and entities.

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