A trust created to specifically buy credit card receivables in $1 million bundles is a
A) receivable trust.
B) special purpose trust.
C) credit enhancer.
D) tranche.
Correct Answer:
Verified
Q2: The trust structure for managing receivable pools
Q3: To enhance the credit worthiness of an
Q4: A bank is able to enhance its
Q5: Changes needed to occur in legal, _and
Q6: The largest share of specialty lending asset-backed
Q7: Securitization is a form of
A) indirect finance.
B)
Q8: _involves two parties that trade interest payment
Q9: To reduce the possibility of loss in
Q10: A bank that has long-term mortgages funded
Q11: All the following are alternative ways of
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