Question

The specific promises made to bondholders are described in a document called a bond

A)True
B)False

Answer 1

The specific promises made to bondholders are described in a document called a bond.

Step-by-step explanation:

A) True

Bonds are financial contracts through which a borrower agrees to repay the amount it borrowed. The specific promises made to bondholders, such as the repayment amount and time until repayment, are described in a document called a bond.