Preference in position among creditors when it comes to repayment is called seniority.
Repayment refers to the act of returning money that has been borrowed from a lender. The return of funds often occurs through recurrent payments that comprise both principal and interest. The initial amount borrowed in a loan is referred to as the principle. Borrowers are required to pay interest in exchange for the right to utilize the money that has been released to them as a result of the loan; interest is a fee for the privilege of borrowing money. Most loans can also be repaid in full in one lump sum at any time, however some agreements may impose penalties for early repayment.
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Disclaimer- The complete question is-
Preference in position among creditors when it comes to repayment is called:
A. seniority
B. securitization
C. time preference
D. absolute return
