Unsecured credit - Study guides, Class notes & Summaries

Bail Bonds Louisiana Exam With 100% Correct Answers 2023 Acquit - Correct Answer-to set free:to judicially discharge from an acquisition;to clear (a person) of a criminal charge Bail Enforcement - Correct Answer-the apprehension or surrender of a principal by a natural person who is released on bail or who has failed to appear at and state of the proceedings to answer to the charge before the court, in which he may be prosecuted obligor - Correct Answer-the party who owes the duty or debt...

Types of Credit Questions and Answers Latest Version (2024/2025) Graded A+ What is a credit score used for? A credit score is used by lenders to determine a borrower's creditworthiness and the likelihood of them repaying debt. What is a credit card? A credit card allows the cardholder to borrow funds from a bank or financial institution to make purchases, with the option to pay back over time. What is the difference between a secured and unsecured loan? A secured loan is ...

FiCEP Exam Certification 2024/2025 |Complete Solution| Graded A+[Multiple Choices] Which cycle describes members who are just surviving and living paycheck to paycheck? a. Earn / spend / earn / spend b. Earn / spend / borrow / spend c. Earn / spend / save d. Earn / borrow / spend / save a. Earn / spend / earn / spend What is the primary purpose of FiCEP certification?** A. To educate individuals on financial planning for the wealthy B. To train credit union employees to provide fi...

MNB1601 Questions and Answers Already Graded A ________ are unsecured loans and are not freely negotiable. The name of the lender and the credit conditions are recorded Registered-term loans ________ is an arrangement with a bank that allows a business to make payments from a cheque account in excess of the balance in the account Bank overdrafts ________ is the ability of a business to satisfy its short-term obligations as they become due. Liquidity ________ is

UCSD Pecore MGT 12 Final Exam Questions & Answers 2024/2025 APR - ANSWERSAnnual percentage rate or percentage cost of credit, standardized for comparison Truth in Lending Law - ANSWERSfed law, creditors have to disclose APR and finance charge as dollar amount finance charge - ANSWERScost of credit in total dollar amount (includes cost, service charge, credit related insurance premiums or appraisal fees) cost of credit- average daily balance - ANSWERSE(balance x day)/days total b...

BEC simulated exam 1 questions & answers 2024/2025 The Carters signed an agreement with an effective annual interest rate of 7.74%. Interest is payable semi annually. What was the stated rate? - ANSWERS7.60% Add 1 to the effective rate = 1.0774 Take the square root = 1.038 Subtract 1 = .038 Multiply by 2 (for semi annual) = 7.60% Ruby Exports, a U.S. company, has a significant amount and number of accounts receivable denominated in foreign currencies. Ruby wants to mitigate its exc...

ICARE BATCH 6 JOSHUA 1st Preboard AFAR/60 Questions and Answers 100% Correct; STI College(multiple campuses) ICARE BATCH 6 JOSHUA 1st Preboard AFAR/60 Questions and Answers 100% Correct; STI College(multiple campuses) 1. Partner A and B share profits and losses equally after each has been credited in all circumstances with annual salary allowances of P750,000 and P600,000, respectively. Under this arrangement, in which of the following circumstances will A benefit by P150,000 more than B...

Using the information provided, answer the following question: Sales price = $225,000 Seller Contribution = $6,000 Closing Costs = $5,580 Prepaids = $2,250 What is the cash-to-close? - $9,705 A refinance transaction resulting from a divorce settlement where either the borrower or the coborrower is required to "buy-out" the other party's interest in the mortgage property, is considered a rate and term refinance as long as the borrower who acquires sole ownership receives no cash out of ...

Champions Real Estate Finance graded A+ already passed 2023Loan-to-Value Ratio (LTV) - correct answer The percentage of the lesser of the appraised value or sales price that the lender will lend. ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 80% of the sales price or appraised value, whichever is lower. Package Mortgage - correct answer Includes both real and personal property ( fixtures and furnishings) Blanket Mortgage - correct answer Covers ...

Champions Real Estate Finance Exam Review (Latest 2024/ 2025 Update) 100% Correct Questions and Verified Answers| Grade A Q: Monetary inflation When there is an excess of money supply in the market. Q: Demand Pull Inflation Answer: created when there is more money in the market & less goods for sale. Q: cost-plus inflation Answer: when the cost of production & offering services increase thereby causing manufacturers and trades people/vendors to raise their prices ac...