STOCKHOLDER Definition

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STOCKHOLDER see SHAREHOLDER.

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BOND INDENTURE is the title specifying all the obligations of the issuing company to the bondholder.

NONREFUNDABLE BOND is a bond issue that cannot be redeemed for a stated period of time using the proceeds from a new, lower-cost issue to finance the refunding. The bond can still be called without a refunding, but the company must use internal capital or equity funds to retire the issue. This provides some protection to the bondholder if interest rates decline significantly.

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