Material Detail

Bond Characteristics: Payment Terms, Public Issues, and Private Issues

Bond Characteristics: Payment Terms, Public Issues, and Private Issues

A bond is a “security” which gives the holder a financial claim on the issuer. This claim protects the holder in circumstances in which the issuer is unable to pay the amount due. It is made formal by the “trust indenture,” a legal document that specifies all of the bond characteristics and the legal rights and obligations of all the parties to the agreement.

Rate

Quality

  • User Rating
  • Comments
  • Learning Exercises
  • Bookmark Collections
  • Course ePortfolios
  • Accessibility Info

More about this material

Browse...

Disciplines with similar materials as Bond Characteristics: Payment Terms, Public Issues, and Private Issues

Comments

Log in to participate in the discussions or sign up if you are not already a MERLOT member.