The Trustee May Purchase Securities That Are of Very Low

question 14

Multiple Choice

The trustee may purchase securities that are of very low risk and that appear on a document referred to as a(n) :

• A) bargaining agreement list.
• B) legal list.
• C) covenant list.
• D) arbitration list.

---

Definitions:

Remittance

The process of sending money in payment or as a gift, often referring to funds that are sent by migrants back to their country of origin.

Discount Period

The time frame within which a payment can be made at a reduced rate before the full invoice amount becomes due.

Discount Date

The specified date when a payment is to be made earlier than the due date at a reduced amount, as a motivation for early payment.

Due Date

The specific date by which a task, payment, or assignment is to be completed or submitted.