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.