Trust accounts must always be used in the issue of new debt.

Name: Trust accounts must always be used in the issue of new debt.
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Quizplus · Accepted Answer

Trust accounts are not always required in the issuance of new debt. Trust accounts are typically used to hold funds raised through the sale of certain types of securities, such as municipal or corporate bonds, to ensure that the funds are used as intended and to protect investors. However, not all debt offerings require trust accounts.

Trust Accounts Must Always Be Used in the Issue of New