Question: A bond s is generally $ 1 , 0 0 0 and represents the amount borrowed from the bond s first purchaser. A bond issuer

A bonds is generally $1,000 and represents the amount borrowed from the bonds first purchaser.
A bond issuer is said to be in if it does not pay the interest or the principal in accordance with the terms of the indenture agreement or if it violates one or more of the issues restrictive covenants.

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