Question: Protective covenants: Only apply to bonds that have a deferred call provision Only apply to privately issued bonds. Apply to short-term debt issues but not

Protective covenants: Only apply to bonds that have a deferred call

Protective covenants: Only apply to bonds that have a deferred call provision Only apply to privately issued bonds. Apply to short-term debt issues but not to long-term debt issues. Are primarily designed to protect bondholders. Are a feature found only in government-issued bond indentures

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