- CFA Exams
- CFA Level I Exam
- Topic 6. Fixed Income
- Learning Module 16. Credit Analysis for Corporate Issuers
- Subject 3. Seniority Rankings, Recovery Rates, and Credit Ratings
CFA Practice Question
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.
Correct Answer: B
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