___________is a paid individual, corporation, or commercial bank trust department that acts as a thirdparty to a bond indenture to ensure that the issuer does not default on its contractualresponsibilities to the bondholders.

Question

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A trustee is a paid third-party that acts as a custodian of the bond indenture and ensures that the issuer fulfills its contractual obligations to the bondholders. The trustee holds various powers to protect the bondholders' interests, such as enforcing the indenture's covenants and initiating litigation against the issuer in case of a default. In contrast, bond rating agencies provide credit ratings and risk assessments of bonds or issuers, while bond issuers sell debt securities to raise funds, and investment bankers assist in structuring and underwriting securities offerings.

___________Is a Paid Individual, Corporation, or Commercial Bank Trust Department