The bond contract that states the lender's rights and privileges and the borrower's obligations is called the

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A bond indenture is a legal contract that outlines the terms and conditions of a bond issue. It specifies the details of the bond, such as the principal amount, interest rate, payment dates, and the rights and obligations of both the lender (bondholders) and borrower (issuer). The bond indenture includes covenants, which are promises made by the issuer to the bondholders, and other provisions that protect bondholders' interests. The bond indenture is also sometimes referred to as the bond agreement or bond instrument.

The Bond Contract That States the Lender's Rights and Privileges