legal rights classification
indenture
ownership statement
guarantee statement
Answer is Right!
Answer is Wrong!
The correct answer is: B. indenture.
An indenture is a legal document that sets out the terms and conditions of a bond issue. It is a binding contract between the issuer of the bonds (the corporation) and the bondholders. The indenture typically includes information such as the amount of the bond issue, the interest rate, the maturity date, and the repayment schedule. It also includes provisions for the rights and obligations of both the issuer and the bondholders.
The other options are incorrect.
- A. legal rights classification is not a legal document.
- C. ownership statement is a document that shows who owns a particular asset.
- D. guarantee statement is a document that guarantees the repayment of a loan.