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2 years ago

The legal document that describes the rights and obligations of both the bondholders and the issuer is called the bond.

1 answer:

eduard2 years ago

3 0

The legal document that describes the rights and obligations of both the bondholders and the issuer is called the <u>indenture</u> bond.

<h3>What is meant by indenture?</h3>

A legal and binding agreement known as an indenture is frequently related to bond deals, real estate, or bankruptcy. A thorough description of the terms, conditions, and covenants can be found in an indenture.

<h3>Who is bondholder?</h3>

A bondholder is a buyer or the owner of debt instruments, which are frequently issued by governments and enterprises. In essence, bond issuers are borrowing money from bondholders. When bonds mature, bondholders are reimbursed for their initial investment, or principle.

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Answer:

he interest rate on the loan is called the Discount Rate

Explanation:

Discount Rate - The discount rate relates to the interest rate paid on loans from the Federal Reserve Bank by business banks and other economic organizations through the discount window credit system.

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4 years ago

If Bethany Lewis receives a check payable to the order of Bethanie Louis, she:______.

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The available options are:

a. can indorse the check either "Bethany Lewis" or "Bethanie Louis."

b. will need to ask the drawer to send her a new check.

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Answer:

a. can indorse the check either "Bethany Lewis" or "Bethanie Louis."

Explanation:

When it comes to financial related matters, most specifically, on the issue of cheque, Indorsement is a financial related term that describes a legal signature, (often signed at the back of a cheque), which serves as a form of approval, to ensure the cheque is payable to individual aside the designated payee.

Hence, in this case, Bethany Lewis can indorse the check either "Bethany Lewis" or "Bethanie Louis."

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3 years ago

Ecker Company reports $1,750,000 of net income for 2017 and declares $245,000 of cash dividends on its preferred stock for 2017.

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Answer:

$1,505,000

Explanation:

Net income is the earning by the business calculated by deducting all the expenses from the revenue for the period. It is the earning which is available to distribute in the stockholders of the business. The preferred dividend must be paid if there is a profit in the period. The residual amount after deducting profit is available of common shareholders.

Net Income = $1,750,000

Preferred Dividend = $245,000

Income available for Common stockholders = Net Income - Preferred dividend

Income available for Common stockholders = $1,750,000 - $245,000

Income available for Common stockholders = $1,505,000

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3 years ago

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Answer:

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