A(n) ________ is a paid individual, corporation, or a commercial bank trust department that acts as a third party to a bond indenture.

Question

Quizplus · Accepted Answer

A trustee acts as a third-party to a bond indenture and ensures that bondholders are protected and receive payments on time. Investment bankers underwrite the issuance of bonds, bond issuers are the entities that borrow money by issuing bonds, and bond rating agencies provide credit ratings on bonds to help investors make informed decisions.

A(n) ________ Is a Paid Individual, Corporation, or a Commercial