Bondholders also hire a bond trustee to oversee compliance with these covenants.

证券持有者还要雇用一个政券委托人监督这些条款的实施。

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Firstly, this article generalizes the basic legal concept of the secured corporate bond trustee and explains its nature and character.

首先，本文对附担保公司债信托进行了概念的解析，并说明其性质和特征。

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Relying on the bond trustee to decide when to declare a default is a hit or miss exercise since the trustee is under the direction of the current bondholders and the bond indenture, both of who may limit his actions in this regard.

FORBES: Even If A Bond Doesn't Default, You Can Still Lose Your Money