In the Event of Default, _____________ Debt Holders Must Give

question 163

Multiple Choice

In the event of default, _____________ debt holders must give preference to more __________ debt holders in the priority of repayment distributions.

• A) Short-term; long-term.
• B) Long-term; short-term.
• C) Senior; junior.
• D) Senior; subordinated.
• E) Subordinated; senior.

---

Definitions:

Population Mean

The average of a set of characteristics (such as age, weight) of every member of a population.

Consistent Estimator

A statistical property of an estimator indicating that as the sample size grows, the estimator converges in probability to the parameter being estimated.

Confidence Interval

A range of values, derived from sample statistics, that is likely to contain the value of an unknown population parameter.

Population Mean

The average of a set of characteristics (numeric values) in a population; a parameter that describes the central location of the data.