An agreement by a lender to offer a loan on a real estate if and when the borrower demands it is know as a(n) _________ loan commitment.

a. standby
b. interim
c. backup
d. substitued

Answer: a. standby

Business

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A person who writes a cheque to purchase goods knowing that they did not have enough money in their bank account can be liable for the tort of conversion

Indicate whether the statement is true or false

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What is perhaps the most common approach to meeting short-term fluctuations in work volume?

A) paying overtime B) re-hiring retirees C) leasing employees D) hiring temporary employees

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