The Sale of a Security to a Small Set of Qualified

question 47

Multiple Choice

The sale of a security to a small set of qualified institutional buyers is called a

• A) depositary receipt.
• B) private placement.
• C) fixed income security.
• D) none of the above.

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Definitions:

Direct Evidence

Evidence that directly proves a fact without the need for any inference or presumption.

Circumstantial Evidence

Evidence that relies on an inference to connect it to a conclusion of fact, unlike direct evidence that directly proves a fact.

Relevant Evidence

Information and facts presented in a legal proceeding that are directly related to the matter being decided and can influence the outcome.

Social Security Number

A unique identification number assigned to U.S. citizens and some residents to track earnings and benefits for social security purposes.