In Auto Loan ABS, the Form of Credit Enhancement That

question 25

Multiple Choice

In auto loan aBS, the form of credit enhancement that most likely serves as the first line of loss protection is the:

• A) excess spread account.
• B) sequential pay structure.
• C) proceeds from repossession sales.

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Definitions:

Hepatitis A

An extremely infectious disease affecting the liver, resulting from the hepatitis A virus, commonly spread by consuming food or water that is contaminated.

Hepatitis B

A potentially life-threatening liver infection caused by the hepatitis B virus (HBV).

Human Papillomavirus (HPV)

A virus causing cervical and other cancers as well as genital warts; the most common sexually transmitted infection.

Herpes Simplex Virus (HSV)

The virus that causes genital herpes.