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Basic Question 0 of 7

During the lockout period, the cash flow for a credit card receivable-backed security contains ______ collected from borrowers.

I. interest
II. fees
III. scheduled principal payments
IV. principal repayments
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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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I used your notes and passed ... highly recommended!
Lauren

Lauren

Learning Outcome Statements

explain and evaluate how impairment and derecognition of property, plant, and equipment and intangible assets affect the financial statements and ratios

CFA® 2025 Level I Curriculum, Volume 2, Module 7.