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Basic Question 4 of 16
Unsecured debt means that ______
B. there is no form of collateral which is pledged to secure repayment of the debt.
C. the debtor can be called upon to make promises to do certain things.
A. the creditor can be called upon to make promises to do certain things.
B. there is no form of collateral which is pledged to secure repayment of the debt.
C. the debtor can be called upon to make promises to do certain things.
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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® 2025 Level I Curriculum, Volume 4, Module 16.