A haircut (in finance) is ________. A) the payment of a block of fund
A haircut (in finance) is ________.
A) the payment of a block of funds as part of a refinancing arrangement
B) the percentage by which the value of collateral exceeds the value of the loan
C) the issue of equities rather than debt in acquiring access to money capital
D) the immediate end of lending to subprime borrowers
ANSWER
B
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