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The Term 'Asset-Backed Loan' Refers to a Loan That Is

Question 22

Multiple Choice

The term 'asset-backed loan' refers to a loan that is backed by a:


A) first claim on certain assets of the borrower if default occurs
B) second claim on certain assets of the borrower at maturity
C) first claim on certain assets of the borrower at maturity
D) None of the listed options are correct.

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