Respuesta :
You hold in your hands a legal document that provides the specific terms of the loan agreement, including a description of the bond, as well as the rights of the bondholder.
You have a (D) indenture.
What is indenture?
- A legal contract that reflects or covers a debt or purchase commitment is known as an indenture.
- It explicitly refers to two sorts of practices: indentured servant position in historical usage, and an instrument utilized for commercial debt or real estate transaction in current usage.
What is a debenture?
- A debenture is a medium- to long-term loan instrument used by major corporations to borrow money at a fixed interest rate.
What is a bond signatory?
- A signature bond (also known as a recognizance bond or ROR) is a guarantee provided by a person accused of a crime to appear in court whenever required if released from jail.
What is an agency contract?
- An agency agreement is a legal contract that establishes a fiduciary relationship between the first and second parties in which the first party agrees that the actions of the second party bind the principal to later agreements made by the agent as if the principal had personally made the later agreements.
Solution -
As the definition of indenture states, a legal contract that reflects or covers a debt or purchase commitment is known as indenture.
Therefore, You have a (D) indenture.
Know more about bonds here:
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Correct question:
You hold in your hands a legal document that provides the specific terms of the loan agreement, including a description of the bond, as well as the rights of the bondholder. You have a(n) _____.
A) agency contract.
B) bond signatory.
C) signatory contract.
D) indenture.
E) debenture.
