Question: 1
''A negotiated offering in which a new issue of municipal securities is sold on an agency basis by a placement agent directly to institutional or private investors rather than through an offering to the general investing public'' is referred as:
Question: 2
A special servicer is the servicer who assumes servicing responsibilities when a loan goes into default and conducts the work-out ''or foreclosure process. There are various scenarios typical for determining special servicers; as mentioned below, EXCEPT:
Question: 3
The term ''thrift institution'' is referred to:
Question: 4
The ''discount on bonds payable'' account is __________when a bound sells at discount. The ''premium on bond payable'' is ____________ when a bond sells a premium.
Question: 5
''An incoming wire transfer with instruction to pay the beneficiary upon presentment of proper identification. The beneficiary usually does not maintain a checking or savings account with the paying financial institution.'' This definition refers to:
