A ________ is a hybrid between a conventional loan and a bond; at its heart it is a bond, but its terms are tailored to the borrower's individual needs, as a loan would be.
A) private placement
B) industrial revenue bond
C) 504 loan
D) zero coupon bond

Question

Quizplus · Accepted Answer

A private placement is a bond offering in which the bonds are sold directly to investors without going through a public offering. It allows the borrower to customize the terms of the bond to meet their specific needs, similar to how a loan can be tailored.

A ________ Is a Hybrid Between a Conventional Loan and a Bond;