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Author Question: What is a trustee and why type of financing is a trustee associated ... (Read 156 times)

P68T

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on: Jul 14, 2018
What is a trustee and why type of financing is a trustee associated with?

Question 2

The assumptions underlying Theory X generally agree with Frederick W. Taylor's concepts of scientific management.
 
 Indicate whether the statement is true or false


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Moriaki

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Reply #1 on: Jul 14, 2018
Answer to Question 1

A trustee is an individual or an independent firm that acts as the bond owner's representative. A corporation that issues bonds must also appoint a trustee. A trustee's duties are most often handled by a commercial bank or other large financial institution. The corporation must report to the trustee periodically regarding its ability to make interest payments and eventually redeem the bonds. In turn, the trustee transmits this information to the bond owners, along with its own evaluation of the corporation's ability to pay.

Answer to Question 2

True


P68T

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Reply #2 on: Jul 14, 2018
Correct answers!


Moriaki

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Reply #3 on: Jul 14, 2018
Great! Please up vote :D


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