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In a Repayment Plan Case, the Plan Must Provide for Payment

question 39

True/False

In a repayment plan case, the plan must provide for payment of all claims in full, whether or not they are entitled to priority.

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Definitions:

Par Value

A nominal value assigned to a share of stock as stated in the corporate charter, unrelated to its market value.

Unamortized Discount

The portion of a bond's discount that has not yet been amortized or expensed to interest expense over the bond's life.

Par Value

The nominal or face value of a stock or bond as stated by the issuer, which may differ from its market value.

Retirement

The act of leaving one's job and ceasing to work, typically upon reaching a predetermined age.

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