Which of the following defines a "mortgage loan"?
A: An instrument that is used only in the exchange of real property;
B: A financial obligation which is unsecured but is used to buy a building;
C: A promissory note that is unpaid;
D: A loan collateralized with real estate.
Ans: D: A loan collateralized with real estate.
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Team selling:
A. Is appropriate for small, innovative customers who need customized products B. Only allows members from marketing, production and sales department to participate in the process C. Is easy to coordinate D. Is appropriate for the largest customers, where the potential purchase represents enough dollars and involves enough functions to justify the high cost
Which policy pays out at the first death among the named insured?
A) Joint life B) Survivorship joint life C) Viatical life D) Family life