The Debts of the Spenders: Level 1, 2, and 3 Debt Assets - What do they mean?

Corporate assets are classified in a progressively opaque pricing tier.

Level 1 assets are those for which a ready market exists, Level 2 assets are those for which a market exists for comparable securities and Level 3 assets are those for which no market exists, which are to be valued by use of mathematical models.


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