If a debt security is not classified as held-to-maturity or trading, then it is classified as an available-for-sale security.

Name: If a debt security is not classified as held-to-maturity or trading, then it is classified as an available-for-sale security.
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Question

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Debt securities not classified as held-to-maturity or trading are categorized as available-for-sale, allowing them to be sold before maturity without the intent to trade frequently.

If a Debt Security Is Not Classified as Held-To-Maturity or Trading