Which of the Following Is the Most Popular Life for a Credit

question 19

Multiple Choice

Which of the following is the most popular life for a credit default swap?

• A) 1 year
• B) 3 years
• C) 5 years
• D) 10 years

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Definitions:

Security Interests

A legal claim or lien on collateral that secures the performance of an obligation, typically seen in financing transactions.

Enforceable Oral Contracts

Verbal agreements that are recognized by law as binding, provided they meet certain criteria and are not for purposes requiring written contracts under the statute of frauds.

Substitute

An alternative or replacement for something else, often found or used when the original is unavailable or unsuitable.

Extend

To prolong the duration of something or to reach out in space or time.