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A sinking fund Multiple Choice is managed by a trustee. ensures all bonds are repaid prior to the original maturity date. is used solely to
A sinking fund
Multiple Choice
is managed by a trustee.
ensures all bonds are repaid prior to the original maturity date.
is used solely to retain funds until a bond issue matures.
is established during a bankruptcy proceeding to repay secured debts.
is a claim on assets not otherwise pledged as security.
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