What party acts on behalf of bondholders to ensure that the issuing facility is not only complying with the covenants of the bond but is also making timely principal and interest payments to the bondh 1. What are call provisions and sinking fund provisions? 2. Do these provisions make bo...
A is incorrect because a debenture is a bond that is not secured by collateral.B is incorrect because a term bond matures on the same date.C is incorrect because a sinking fund bond is a bond issue that has a provision to set aside cash to repay the bonds at the maturity date. 统计...
Sinking fund. It is a fund set aside to save money used to offset future debts, bills, or damages. Its purpose is to ease financial hardships that a...Become a member and unlock all Study Answers Start today. Try it now Create an account Ask a question Our experts can answer...
Sinking fund redemption.Issuers can incrementally pay back bondholders, to avoid a significant lump-sum repayment at the end of the bond term. Bond investors shouldcheck the bond’s prospectus and indentureto review call provisions before they invest. Here, the bond issuer will lay out the spec...
ATheresultoftheexperimentwasquitefromwhatIexpected.differentawaysameSimilar正确答案:A11.Thesenewproductswillbeforelong.makeoutcomeoutsetouttakeout正确答案:BA1Ithechildrenlistenedtohis witheagerattention.advantageadvertisementadvanceAdventures正确答案:DThisdanceiswithyoungpeopleallovertheregion.samepopularwelcomeFavorite...
It can be stipulated that if an owner plans to dispose of their business interest that they must first offer it for sale to remaining owners or the business itself. This provision is called “first right of refusal.” This is a most critical part of the agreement because it can guarantee ...
A foundation is the overall system that supports a structure, including footings, while a footing is a specific part of the foundation that directly distributes the building load to the ground.
It is a provision designed to protect a bond investor, and that limits the bond issuing company from calling back bonds until a specified time has elapsed. The period within which the bond is protected from calling is called the cushion or deferment. Callable bonds that have call protection ar...
A sinking fund is a means of repaying funds borrowed through abond issuethrough periodic payments to a trustee who retires part of the issue by purchasing the bonds in theopen market. Thesinking fundprovision is really just a pool of money set aside by a corporation to help repay previous ...
The money that is used for the buyback comes from a sinking fund, an amount that is set aside from the issuer's earnings specifically for use in security buybacks. A sinking fund provision in a bond adds an element of doubt over whether the bond will continue to pay a return until it...