Module 1 - What is a Bond & Y is it required Flashcards
1
Q
Who are bonds issued to
A
individual fiduciary, not an entity
2
Q
What is the face value of the bond
A
value of liquid assets + 1 year of estimated income for ee. (real property is excluded)
3
Q
What does bonding co look for in “or”
A
Credit worthiness, like line of credit
