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Basic Question 0 of 9
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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Learning Outcome Statements
demonstrate the application of the Code of Ethics and Standards of Professional Conduct to situations involving issues of professional integrity
recommend practices and procedures designed to prevent violations of the Code of Ethics and Standards of Professional Conduct
identify conduct that conforms to the Code and Standards and conduct that violates the Code and Standards
CFA® 2025 Level I Curriculum, Volume 6, Module 3.