Which of the Following Assets Cannot Be Used for Securitization

question 18

Multiple Choice

Which of the following assets cannot be used for securitization?

• A) credit card receivables
• B) student loans
• C) accrued fees
• D) home mortgages

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Definitions:

Mutual Agreement

A consensus or accord reached between two or more parties on a matter, often formalized through a contract or verbal understanding.

Specific Performance

An equitable remedy requiring the breaching party to perform as promised under the contract; usually granted only when money damages would be an inadequate remedy and the subject matter of the contract is unique (for example, real property).

Zoning Laws

Rules and regulations that collectively manage the development and use of land.

Local

Refers to something situated in, or pertaining to, a particular area, city, or town.