Vidyalelo
Commerce · Q584

Financial Management

Graduate and Post Graduate · Commerce · question 584

Q584

Legal document in which rights of issuing corporation and bondholder's state is classified as

A.
legal rights classification
B.
indenture
Answer
C.
ownership statement
D.
guarantee statement

Answer: Option B

Solution

Answer: Option B
Solution:
Legal document in which rights of issuing corporation and bondholder's state is classified as indenture. An indenture is a legal and binding contract between a bond issuer and the bondholders.