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Second lien loan: Quiz

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Question 1: Second Lien Loan (or last-out participation) is a form of loan with a security interest in the ________ of a company that are second in ranking behind a traditional senior credit facility.
Cash flow statementBalance sheetAssetValuation (finance)

Question 2: A lien is a form of security interest granted over an item of property to secure the payment of a ________.
DebtCredit (finance)Consumer debtBond (finance)







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