A Triggering Event Must Occur in Order for an Impairment

question 96

True/False

A triggering event must occur in order for an impairment loss to be recognized on bonds that have been designated as FVTOCI or Amortized Cost.

---

Definitions:

Hidden Infantry

Refers to concealed ground troops designed for surprise attacks or defense in warfare, often implying specialized tactics or strategic positioning.

Exile

The state of being barred from one's native country, typically for political or punitive reasons.

Last Words

The final statements or utterances made by an individual before death or a significant event, often remembered for their emotional or historical significance.

French Constitution

The fundamental law or set of legal principles that outlines the governance structure of France, including the powers of the government and rights of citizens.