If Your Securities Are Unavailable to Be Returned, ____ Can

question 7

Multiple Choice

If your securities are unavailable to be returned, ____ can, at its option, compensate you for the market value of those securities as of the bankruptcy date instead of giving back the physical securities.

• A) CDIC.
• B) OSC.
• C) CIPF.
• D) CRA.
• E) IDA.

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Definitions:

Property Insurance

Insurance that provides financial reimbursement to the owner or renter of a structure and its contents, in case of damage or theft.

Casualty Insurance

Insurance coverage against loss or damage to property or individuals due to an accident, theft, or other unforeseen events.

Insurance Contract

A legally binding agreement between an insurer and an insured, in which the insurer agrees to compensate for specific losses in exchange for a premium.

Breach of Contract

occurs when a party fails to fulfill their obligations under a contract, either by not performing as promised, by interfering with another party's performance, or by repudiating the contract altogether.