ABA CTFA Practice Test - Questions Answers, Page 34
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Treasury stock is:
A call provision, a sinking fund, and/or conversion are used to retire:
Preferred shareholders' claims on assets and income of a firm come those of creditors those of common shareholders.
Dual classes of are common in new ventures where promotional usually goes to the founders.
Palo Alto Industries has a debt-to-equity ratio of 1.6 compared with the industry average of 1.4. This means that the company:
A legal claim permitting the lender in case the borrower defaults, to liquidate the items serving as collateral to satisfy the obligation is called:
It is a mortgage on personal property given as a security for the payment of an obligation.
_________ is a legal note giving to the lender the right to sell collateral if the borrower defaults on the obligation.
These are additional charges you may owe if you decide to pay off your loan prior to maturity. What are these?
A universal life insurance policy provides two types of death protection. The first type, known as Option A, provides a level death benefit. As the cash value increases:
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