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Basic Question 16 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 | Hey, jwebbs, like, why don't you back off of jallado0? Okay? Like, just back off, man. |
| khalifa92 | @gooner7: not cool man, not cool. |
Your review questions and global ranking system were so helpful.
Lina
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.