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07-01-2020
Social Studies

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The bond contract that states the lender's rights and privileges and the borrower's obligations is called the_________.

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07-01-2020

Answer:

Bond indenture

Explanation:

Bond indenture- it is also termed as trust indenture. it is defined as a legal contract that defined the relationship between the issuing party of bond and trustee and also sets out the role and responsibilities of the issuer, borrowers a and lender.

This legal contract consists of all details of bonds like maturity date, maturity amount, tax rate, etc.

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