When a Bond Issue Is Secured by a Legal Claim

question 14

Multiple Choice

When a bond issue is secured by a legal claim on equipment it is known as a(n)

• A) junior bond.
• B) income bond.
• C) bearer bond.
• D) trust certificate.
• E) perpetuity.

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Definitions:

Business Ethics

The study of appropriate business policies and practices regarding potentially controversial subjects including corporate governance, insider trading, bribery, discrimination, and corporate social responsibility.

Primary Stakeholders

Individuals or groups that have a direct interest or stake in the actions, success, or policies of an organization, including customers, employees, and investors.

Corporate Citizenship

Refers to a company's responsibilities toward society. This concept emphasizes the importance of acting in a socially responsible manner that goes beyond profit-making.