A bond trustee does not
A)issue the bonds.
B)keep a record of each bondholder.
C)hold conditional title to pledged property.
D)maintain custody of unsold bonds.

Question

Quizplus · Accepted Answer

A bond trustee is responsible for managing certain aspects of a bond issue, such as ensuring bondholders receive payments and maintaining custody of pledged property. However, they do not have the authority to issue the bonds themselves – this is typically done by the issuer or underwriter.

A Bond Trustee Does Not