Loan repayment - Study guides, Class notes & Summaries

Wise Practice Test Exam Questions With 100% Correct Answers 2024/2025 One of Andre's seldom-used credit cards has been stolen without his knowledge. When he gets his monthly statement, he realizes that someone else has been using the card and reports it stolen. The maximum amount of the unauthorized purchases he is he liable for is: c.The total amount b.$50 d.$25 B Why is term life insurance usually the least expensive type of life insurance? a. The policy only pays a death benefit b...

DAT Finance Written Exam Questions Correctly Answered. When taking out a student loan to pay for your education, the most important consideration is to make sure: - CORRECT ANSWER make sure you are borrowing only the amount you need. Your rights as a student loan borrower include which of the following? - CORRECT ANSWER the right to receive a copy of your Master Promissory Note, prepay all or part of your loan without penalty and defer payments for specified periods, if you qualify. T...

ALL OF DAVE RAMSEY LATEST UPDATE GRADED A+ consumer a person or organization that uses a product or service credit the granting of a loan and the creation of debt; any form of deferred payment debt an obligation of repayment owed by one party (debtor/borrower) to a second party (creditor/lender); in most cases this includes repayment of the original loan amount plus interest economy a system by which goods and services are produced and distributed financial literacy the knowledge and skil...

Dave Ramsey Personal Finance Exam with Complete Solutions consumer a person or organization that uses a product or service credit the granting of a loan and the creation of debt; any form of deferred payment debt an obligation of repayment owed by one party to a second party; in most cases this includes repayment of the original loan amount plus interest economy a system by which goods and services are produced and distributed financial literacy the knowledge and skillset necessary to be ...

Mort 202 Grande MOD 1 Questions and Answers 100% Pass Question: What is the primary function of a mortgage in real estate transactions? Answer: The primary function of a mortgage is to provide a loan to a borrower for purchasing real estate, with the property itself serving as collateral for the loan. Question: How does the interest rate affect the total cost of a mortgage over its term? Answer: The interest rate directly impacts the total cost of a mortgage; a higher interest rate...

Amortization - ANSWER repayment of a loan principal over time based on a predetermined schedule of payments Arrears - ANSWER payment for an item or service after it is received Proration - ANSWER the allocation or distribution of an annual expense across smaller chunks of time square footage - ANSWER Length x Width acreage - ANSWER 1 acre= 43,560 appraial - ANSWER the value of a property, based on factors determined by the opinion of a certified appraiser general data - A...

_________ categories of civil claim qualify in principle for Civil CLS funding. A. All B. Most C. No D. Very few - ️️D. Very few The vast majority of civil legal work is not eligible for CLS funding. A and B entered a contract 2 months ago. B has breached a term of the contract. The term was stated in the contract expressly to be a condition. What remedies are available to A? A. A can only sue for damages as the term breached was a condition not a warranty. B. A can repudiate the con...

FPC EXAM TEST BANK 200+ QUESTIONS WITH 100% CORRECT ANSWERS UPDATED When you get paid for the last week of December it counts in the next year bc that is when the check was received Employer social security max - Answer-Must pay SS tax up to employees wages of $132,900 Employer Social Security Rate - Answer-6.2% Voluntary Deducations - Answer-Require EE authorization Ex. - contributions to charity - retirement contributions - purchases from employer sponsored store - health in...

Kentucky Life Insurance Exam Questions With All Correct Answers Elements of a Contract - CORRECT ANSWERS Competent parties, legal purpose, offer and acceptance, consideration Waiver - CORRECT ANSWERS Voluntary giving up of a known right or privilege, can be express or implied Estoppel - CORRECT ANSWERS A person is prohibited by virtue of his own past actions from claiming a right that would work to the detriment of another who relied on the...

LOMA 281 Practice Test with Complete Solutions Graded A+ Premium reduction dividend option - Answer-A policy dividend option under which the insurer applies policy dividends toward the payment of renewal premiums Policy loan repayment dividend option - Answer-A policy dividend option under which the insurer applies policy dividends toward the repayment of an outstanding policy loan Accumulation at interest dividend option - Answer-A policy dividend option under which the policy divide...