asked 47.8k views
0 votes
The covenants and other terms of the agreement between the issuer of bonds and the lender are set forth in the registered bond. bond debenture. bond indenture. bond coupon.

1 Answer

3 votes

Answer:

The correct answer is Bond indenture.

Step-by-step explanation:

The bond indenture is a contract through which a person called a guarantor is obliged to respond for the obligation of the principal debtor, it is an accessory obligation under which one or more persons respond to an obligation of another, committing to the creditor to comply with it in whole or in part, if the principal debtor does not comply.

The bond is held for the purpose of guaranteeing a third party obligation, but in which the creditor can only charge the guarantor when the principal debtor of the obligation does not comply.

answered
User Andy Tschiersch
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.