Securities That Are on Shelf Registration

question 74

Multiple Choice

Securities that are on shelf registration:

• A) cannot be sold to the public
• B) may be sold at any time over the next three years
• C) must be sold within a year of registration
• D) cannot be sold for more than $5 per share
• E) none of the other choices are correct

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Definitions:

Redemption

The buying back of one’s property after it has been sold. The right to redeem property sold under an order or decree of court is purely a privilege conferred by, and does not exist independently of, statute.

Collateral

An asset that a borrower offers to a lender as security for a loan, which can be seized if the loan is not repaid.

Bankruptcy Petition

A formal request filed by an individual or entity seeking the protection of bankruptcy laws to resolve insolvency issues.

Chapter 7

Chapter 7 refers to a chapter of the U.S. Bankruptcy Code, under which individuals or businesses can liquidate their assets to pay off creditors.