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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.
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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Andrea Schildbach
Learning Outcome Statements
describe presentation choices, including non-GAAP measures, that could be used to influence an analyst's opinion
describe accounting methods (choices and estimates) that could be used to manage earnings, cash flow, and balance sheet items
describe accounting warning signs and methods for detecting manipulation of information in financial reports
CFA® 2025 Level I Curriculum, Volume 3, Module 10.