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Basic Question 1 of 16
Preference in position among creditors when it comes to repayment is called ______.
B. seniority
C. liquidation preference
A. creditor priority
B. seniority
C. liquidation preference
User Contributed Comments 5
| User | Comment |
|---|---|
| jallado0 | prefrence in position among creditors when it comes to repayment is seniority |
| jwebbs | thanks i couldnt tell |
| Gooner7 | lol |
| ldfrench | HELL YEAH, Jwebbs! GOT HIM GOOD!!! |
| Inaganti6 | some day someone will humiliate you too jwebbs don't forget you're a mortal |
I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
describe the seniority rankings of debt, secured versus unsecured debt and the priority of claims in bankruptcy, and their impact on credit ratings
CFA® 2025 Level I Curriculum, Volume 4, Module 16.