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Basic Question 0 of 3
During the lockout period, the cash flow for a credit card receivable-backed security contains ______ collected from borrowers.
II. fees
III. scheduled principal payments
IV. principal repayments
I. interest
II. fees
III. scheduled principal payments
IV. principal repayments
User Contributed Comments 3
| User | Comment |
|---|---|
| chessdude | Principal is reinvested, that's what means "lockout". |
| cuban | Borrowers can pay back principal along with interest. Its the investors who do not receive the principal payments during the lockout period. |
| StJohnDale | Agreed |
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Learning Outcome Statements
explain the financial reporting and disclosures related to financial instruments
CFA® 2025 Level I Curriculum, Volume 2, Module 3.