Why should I choose AnalystNotes?
AnalystNotes specializes in helping candidates pass. Period.
Basic Question 1 of 3
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 |
I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
describe types and characteristics of non-mortgage asset-backed securities, including the cash flows and risks of each type
CFA® 2025 Level I Curriculum, Volume 4, Module 18.