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Basic Question 16 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 Hey, jwebbs, like, why don't you back off of jallado0? Okay? Like, just back off, man.
khalifa92 @gooner7: not cool man, not cool.
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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz

Tamara Schultz

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.