Please choose the most appropriate answer for each sentence.
  • 1

    Bondholders have a legal priority to the RTA's local tax revenues, above and beyond any commitment the RTA may wish to make with its subareas that no subarea will pay another subareas' debt; if Sound Transit's bond ..... is prudent, that would present only a modest risk to the subareas not benefited by the bonds.

  • 2

    A simple ..... average is formed by computing the average (mean) price of a security over a specified number of periods; for example, a 5-day average is calculated by adding the closing prices for the last 5 days and dividing the total by 5.

  • 3

    ..... coverage covers damage to your car if it is stolen, or damaged by flood, fire, or animals; it pays to fix your vehicle less the deductible you choose, and to keep your premiums low, select as high a deductible as you feel comfortable paying out of pocket.

  • 4

    Warning signs of a weakening trend that coincide with a weakening of fundamentals supports the perception that a price trend ..... may occur.

  • 5

    ODOT uses a fuel ..... clause on projects where fuel usage is in excess of 25,100 gallons, establishing a base fuel price and a monthly fuel price: if the monthly fuel price drops to more than 25 % of the base price, the clause creates a downward adjustment of the fuel pay item.

  • 6

    The Divisions of Corporation Finance and Investment Management of the SEC provide filers with opinions on filings where they believe the filing could be improved or enhanced; these ..... letters set forth staff positions on a particular filing only and do not constitute an official expression of the Commission's views.

  • 7

    A ..... bank has no recourse if it pays a counterfeit check; it may never send the item back to the bank of first deposit after the 24-hour deadline.

  • 8

    Bonds are '..... to maturity' when the proceeds of the refunding issue are deposited in an account for investment in an amount sufficient to pay the principal of and interest on the issue being refunded on the original interest payment and maturity dates.

  • 9

    Many bonds permit the borrower to pay off the bond before its stated maturity date; this ..... bond is generally bad for the bondholder, because the likely reason for the payoff is that interest rates have declined, so the bondholder will not be able to reinvest the proceeds at the same rate as the original bond.

  • 10

    A financial ..... is a professional who helps clients maximize their net worth by proper asset allocation, using stocks, bonds, mutual funds and insurance products to meet their needs; many receive a commission, although fee-based planning is becoming increasingly popular in the industry.

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