Which of the following best describes the cash flow that owners of credit card receivable asset-backed securities receive during the lockout period?
A) no cash flow
B) only principal payments collected
C) only finance charges collected and fees

Question

Quizplus · Accepted Answer

During the lockout period, owners of credit card receivable asset-backed securities typically receive cash flows from finance charges and fees collected on the underlying credit card accounts, but not the principal payments.

Which of the Following Best Describes the Cash Flow That