Asked by Cooper Lumsden on Jun 19, 2024
Verified
The terms of the bond issue are set forth in a formal legal document called a bond indenture.
Bond Indenture
A legal document that sets forth the terms of the bond issue.
Legal Document
A written instrument that formally expresses a legally enforceable act, process, or contractual duty, obligation, or right.
- Know the legal and contractual aspects of bonds, including the role and content of a bond indenture.
Verified Answer
TW
Tabatha WilliamsJun 21, 2024
Final Answer :
True
Explanation :
This statement is true. A bond indenture is a legal document that outlines the details of a bond issue, including the terms and conditions of the bond, the rights of the bondholders, and the responsibilities of the issuer.
Learning Objectives
- Know the legal and contractual aspects of bonds, including the role and content of a bond indenture.
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