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Basic Question 1 of 16

Preference in position among creditors when it comes to repayment is called ______.

A. creditor priority
B. seniority
C. liquidation preference
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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 HELL YEAH, Jwebbs! GOT HIM GOOD!!!
Inaganti6 some day someone will humiliate you too jwebbs don't forget you're a mortal
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I used your notes and passed ... highly recommended!
Lauren

Lauren

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® 2024 Level I Curriculum, Volume 4, Module 16.