What is a trustee and why type of financing is a trustee associated with?
What will be an ideal response?
A trustee is an individual or an independent firm that acts as the bond owner's representative. A corporation that issues bonds must also appoint a trustee. A trustee's duties are most often handled by a commercial bank or other large financial institution. The corporation must report to the trustee periodically regarding its ability to make interest payments and eventually redeem the bonds. In turn, the trustee transmits this information to the bond owners, along with its own evaluation of the corporation's ability to pay.
You might also like to view...
________ are an actual or imaginary individual or group that significantly influences an individual's evaluations, aspirations, or behavior
A) Formal groups B) Informal groups C) Reference groups D) None of the above
Generally speaking, franchising is a market-entry strategy that is typically executed with more localization than is licensing
Indicate whether the statement is true or false
What should a salesperson do during the fifth step of the creative sales process?
A) block objections B) welcome objections C) begin building a bridge to the next sale D) wait for signals that the customer is ready to buy E) indirectly ask the customer for her business
Standard provisions in a contract that are often listed under the heading "Miscellaneous" are called
a. boilerroom. b. boilerplate. c. boilerpot. d. boilertape.