What is the difference between the following a) The indenture and the trustee b) The coupon rate and the current rate of interest c) Debentures and secured bonds d) A sinking fund and a call feature e) Mortgage bonds and equipment trust certificates f) Serial bonds and term bonds g) Zero coupon and...

a The indenture is the legal document that specifies the terms of the bond eg maturity date sinking fund call penalty and other constraints specific i ...

What is the difference between the following? a) The indenture and the trustee b) The coupon rate

Question:

What is the difference between the following?
a) The indenture and the trustee
b) The rate and the current rate of interest
c) and secured bonds
d) A sinking fund and a call feature
e) Mortgage bonds and equipment trust certificates
f) Serial bonds and term bonds
g) Zero and bonds
h) High-yield and investment-grade bonds
Debentures
Debenture DefinitionDebentures are corporate loan instruments secured against the promise by the issuer to pay interest and principal. The holder of the debenture is promised to be paid a periodic interest and principal at the term. Companies who... Coupon
A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity. Coupons are usually referred to in terms of the coupon rate (the sum of coupons paid in a...