Department who is appointed by bond holders as representative or monitor of bonds is considered as
A. trustee
B. trust department
C. monitoring department
D. indenture department
Answer: Option A
Solution (By Examveda Team)
Department who is appointed by bond holders as representative or monitor of bonds is considered as trustee. A bond trustee is hired by a bond issuer and oversees the implementation of a bond or trust indenture, which is a contract between a bond issuer and a bondholder. The trustee has a fiduciary responsibility to act on behalf of the issuer, rather than in its own interests.This Question Belongs to Management >> International Finance And Treasury
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