题目
The legal contract that describes the form of the bond, the obligations of the issuer, and the rights of the bondholders can be best described as a bond’s:
选项
A.covenant.
B.indenture.
C.debenture.
答案
B
解析
： B is correct. The indenture, also referred to as trust deed, is the legal contract that describes the form of the bond, the obligations of the issuer, and the rights of the bondholders.A is incorrect because covenants are only one element of a bond’s indenture. Covenants are clauses that specify the rights of the bondholders and any actions that the issuer is obligated to perform or prohibited from performing. C is incorrect because a debenture is a type of bond. ： B是正确的。契约，也称为信托契约，是描述债券形式、发行人义务和债券持有人权利的法律合同。 A是不正确的，因为条款只是债券契约的一个要素。条款是规定债券持有人的权利和发行人有义务或禁止履行的任何行为的条款。C是不正确的，因为一种债券。