The Creation of Bond Classes with a Waterfall Structure for Sharing

question 40

Multiple Choice

The creation of bond classes with a waterfall structure for sharing losses is referred to as:

• A) time tranching.
• B) credit tranching.
• C) overcollateralization.

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Definitions:

Unethical

Actions or behaviors that are considered wrong, immoral, or inappropriate according to societal, professional, or personal standards of conduct.

Defense

A legal strategy or argument presented in a court aiming to justify, excuse, or clear a defendant from alleged charges or misconduct.

Jurors

Members of a trial jury who are sworn to give a verdict in a legal case on the basis of evidence submitted to them in court.

Confession Evidence

Testimony or statements made by an accused person acknowledging their involvement in a crime, which can be used as evidence in court.