Series 50: Exercise

Exercise

Please fill in the blank with the correct term or answer true or false.

1.A covenant that allows the issuer to sell additional bonds is called a(n) _____ indenture.

2.A covenant that does not allow the issuer to sell additional bonds is called a(n) _____ indenture.

3.A covenant that requires the municipality to maintain the facility financed by the bond is called a(n) _____ covenant.

4.A covenant that requires bondholders to carry enough insurance to protect against damage or destruction to the facility financed by the bond is called a(n) _____ covenant.

5.A covenant that requires the issuer to keep audited annual financial reports is called a(n) _____ covenant.

6.The order in which funds are allocated between debt ser