An open-end mortgage allows the borrower:
a. to create interim liens
b. to make intermittent payments
c. to secure additional funds without rewriting the original loan
d. to obtain an interest rate lower than the current market rate
Answer: c. to secure additional funds without rewriting the original loan
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Which of the following is an example of social capital?
A) investment in equipment B) developing products C) acquiring organizations D) relationship building
Insurance obtained by a limited partnership on the life of the general partner would be A) double indemnity insurance, because both the limited partnership and the general partner are insured
B) key person life insurance, because the general partner is a key person, contributing a great deal to making the business successful. C) a co-insurance policy because both the limited partnership and the general partner are insured. D) whole life or straight life insurance which builds a cash value.