asked 213k views
4 votes
A legal document which summarizes the rights and privileges of bondholders as well as the obligations and commitments of the issuing company is called Group of answer choices a bond indenture. a bond debenture. trading on the equity. a term bond.

1 Answer

2 votes

Answer:

a bond indenture

Step-by-step explanation:

a bond debenture can be described as the legal contract of a bond

Features of a bond debenture

  1. Reason why the bond was created
  2. the interest rate to earned
  3. the method by which interest is calculated
  4. Maturity dates
  5. covenants

a bond indenture is a legal document which summarizes the rights and privileges of bondholders as well as the obligations and commitments of the issuing company

answered
User Kannan Suresh
by
8.6k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.