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MATCHING Identify the Letter of the Choice That Best Matches the the Phrase

question 66

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MATCHING
Identify the letter of the choice that best matches the phrase or definition.
-Procedure used to close the application


Definitions:

Junk Bonds

High-risk and high-yield bonds rated below investment grade by credit rating agencies.

Subordinated Debt

A class of debt which ranks below other debts with regard to claims on assets or earnings.

Priority of Repayment

A hierarchy or order in which obligations and debts are to be paid, particularly relevant in bankruptcies and when liquidating assets.

Bond Indenture

A legal document specifying the terms and conditions under which a bond is issued.

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