________ is a paid individual, corporation, or commercial bank trust department that acts as a third party to a bond indenture to ensure that the issuer does not default on its contractual responsibilities to the bondholders.

Question

Quizplus · Accepted Answer

A trustee is a paid individual, institution or commercial bank trust department that is responsible for enforcing the terms of the bond indenture, collecting payments from the issuer and distributing them to bondholders while ensuring that the issuer meets its obligations under the agreement.

________ Is a Paid Individual, Corporation, or Commercial Bank Trust