Which of the Following Is Not a Characteristic of a Bond

question 164

Multiple Choice

Which of the following is not a characteristic of a bond?

• A)its tax treatment
• B)its credit risk
• C)its term
• D)its dividend yield

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Definitions:

Salesperson's Oral Promise

A verbal commitment made by a salesperson regarding the quality, function, or warranty of a product or service.

Implied Warranty Of Fitness

An assurance that a product will meet the buyer's specified needs, even though these assurances are not explicitly stated.

Express Warranty

A promise clearly stated by a seller about the condition, functionality, or reliability of a product.

Merchantability

A guarantee that a product will meet reasonable consumer expectations of quality and suitability for use as sold.