The financially independent firm or individual that acts as the bondholders' representative is the:

Question

Quizplus · Accepted Answer

The financially independent firm or individual that acts as the bondholders' representative is called the trustee. They are appointed to protect the interests of the bondholders and ensure that the issuer complies with the terms of the bond indenture. Trustee's responsibilities include monitoring the issuer's compliance with bond covenants, facilitating communication between the issuer and bondholders, processing interest and principal payments, and representing the bondholders in case of default.

The Financially Independent Firm or Individual That Acts as the Bondholders