If the terms of the sinking fund provision are not met,the _____ may take legal action against the company on behalf of the bondholders.
A)bond parent
B)arbitrator
C)mediator
D)trustee
E)guardian

Question

Quizplus · Accepted Answer

The trustee is responsible for overseeing the implementation of the sinking fund provision and ensuring that the terms are met. If the terms are not met, the trustee may take legal action on behalf of the bondholders.

If the Terms of the Sinking Fund Provision Are Not