Department who is appointed by bond holders as representative or monitor of bonds is considered as

A trustee
B trust department
C monitoring department
D indenture department

Correct Answer: trustee

Department who is appointed by bond holders as representative or monitor of bonds is considered as trustee. A bond trustee is hired by a bond issuer and oversees the implementation of a bond or trust indenture, which is a contract between a bond issuer and a bondholder. The trustee has a fiduciary responsibility to act on behalf of the issuer, rather than in its own interests.
Bissoy MCQ
#Management #International Finance And Treasury

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