What is the prefix for this security, and what does a prefix indicate?
What will be an ideal response?
The "CL" appearing before the pool number is called the pool prefix. All agency issuers have their own pool prefix, and it indicates the type of collateral. In the case of Fannie Mae, there is
a two-character prefix indicating (1) whether the loans are conventional, government insured, or guaranteed by some entity; (2) whether the note rates for the loans are fixed or adjustable and features about adjustment in the latter case; and (3) the general term to maturity of the loans at issuance. In our Fannie Mae example, "CL" means "Conventional Long-Term, Level-Payment Mortgages; Single-Family; maturing or due in 30 years or less." Other examples of pool
prefixes used by Fannie Mae are "CL," which means that the collateral is "Conventional Intermediate-Term, Level-Payment Mortgages; Single-Family; maturing or due in 15 years or less," and "A1," which means that the collateral is "Adjustable-Rate Mortgages; Single-Family; indexed to the one-year Treasury Constant Maturity; 1 percent per interest rate adjustment; lifetime caps are pool-specific."
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Which of the following descriptions of life insurance policy settlement options is CORRECT?
A) Under an installment refund option, if the primary beneficiary dies, payments of the same amount continue to the secondary beneficiary until all installments to both beneficiaries equal the original amount of proceeds. B) Glenn chooses a life-income-only option, and Jeri chooses a life-income-with-cash-refund option. Jeri's income is based on the higher rate per $1,000 of proceeds. C) Under a life-income-only option, if a primary beneficiary dies after receiving income payments for only 3 months, the balance of the proceeds will be paid in a lump sum to the secondary beneficiary. D) Today, most life insurance proceeds are not paid out as lump sums.
Lisa believes she has been discriminated against by her employer and intends to file charges with the EEOC. Lisa must file the discrimination charges within ________ days of the alleged act;
however, the time is extended to ________ days if a state or local agency becomes involved in the case. A) 50; 100 B) 100; 200 C) 150; 300 D) 180; 300