If a Business Has a Lien Against Any of Its

question 112

True/False

If a business has a lien against any of its assets at the time of the sale, the buyer must assume them and is financially responsible for them.

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Definitions:

A Credit Rating

A measure used by creditors to determine the ability of a borrower to pay back debt.

Bond Prices

The market price at which a bond is traded, which can fluctuate based on interest rates and the bond’s credit rating among other factors.

The National Post

A Canadian English-language national newspaper.

Term Structure

Pertains to the connection between interest rates or yields on bonds and varying durations or maturities.