Seeing is believing!
Before you order, simply sign up for a free user account and in seconds you'll be experiencing the best in CFA exam preparation.
Basic Question 0 of 11
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 |
I was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.
Martin Rockenfeldt
Learning Outcome Statements
compare the risk and return characteristics of different types of equity securities
CFA® 2025 Level I Curriculum, Volume 3, Module 4.