A company that issues debt securities paying a fixed return would be defined by the Investment Company Act as a(n):

Question

Quizplus · Accepted Answer

The Investment Company Act does not define a company that issues debt securities paying a fixed return as a face-value certificate company, unit investment trust, management company, or "no load" company. These terms refer to different types of investment companies or fee structures, not companies issuing fixed-return debt securities.

A Company That Issues Debt Securities Paying a Fixed Return