In Terms of Public Offerings of Bonds, What Is an Indenture

Multiple Choice

In terms of public offerings of bonds, what is an indenture?

A) a schedule of the fees charged by the underwriting company
B) a formal contract that specifies the firm's obligations to the bondholders
C) a memorandum that must be produced to describe the details of a bond offering
D) a list of the duties of the trust company representing the bondholders' interests