The Holder of Which One of These Securities Has First

question 39

Multiple Choice

The holder of which one of these securities has first claim on the assets of a firm?

• A) Senior debt
• B) Common stock
• C) Subordinated debt
• D) Preferred stock

---

Definitions:

Public Speaking

The act of delivering a speech or presentation to a live audience with the purpose of informing, persuading, or entertaining.

Codependent

A psychological condition or relationship in which one person enables another's addiction, poor mental health, immaturity, irresponsibility, or under-achievement, often at the cost of their own needs or well-being.

Alcoholic Coworker

An individual in the workplace who struggles with alcohol addiction, potentially affecting their productivity, safety, and interactions with colleagues.

Housing Market Crisis

A significant decline in the real estate market, often characterized by falling home prices and mortgage defaults, leading to widespread economic disruption.