CFA Practice Question

There are 233 practice questions for this study session.

CFA Practice Question

______ are the terms and conditions of lending agreements.
A. Indentures
B. Covenants
C. Collaterals
Explanation: They enable creditors to specify the actions an issuer is obligated to perform or be prohibited from performing.

User Contributed Comments 1

User Comment
nmech1984 I think indentures are the T&Cs. Covenants are part of the indenture. Any other idea?
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