The bond resolution is the contract between the A. Issuer and Bondholder
Bondholders are those who own bonds issued by a firm, as opposed to shareholders, who own stock in a company. Although there is a chance to profit from both ventures, there are also hazards involved. In essence, when you buy a company's stock, you're getting a portion of the business.
A bond issuer technically borrows the money, while the bondholder technically lends it. Bond holders get periodic interest payments from the bond issuer (which may be paid annually or semi-annually) up until the bond's maturity, at which point the issuer repays the bondholder with the principle borrowed.
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