The purpose of the restrictive debt covenant that imposes fixed assets restrictions is to ________
A) protect the lender by controlling the risk and marketability of the borrower's security investment alternatives
B) limit the amount of fixed-payment obligations
C) ensure a cash shortage does not cause an inability to meet current obligations
D) prevent the firm from liquidation and ensure its ability to repay the debt
D
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Nicole plans to take out a $200,000 mortgage for a vacation home. Her bank, however, requires her to provide some type of collateral for the loan. If Nicole owns a $500,000 whole life insurance policy, the policy
A) will not have enough cash value to be used as collateral for the loan B) may be used as collateral for the loan C) may not be used as collateral for the loan D) may not be used as collateral for the loan because it cannot be attached by creditors"
________ is an organized movement of citizens and government agencies to improve the rights and power of buyers in relation to sellers
A) Environmentalism B) Proactivism C) Affirmative action D) Consumerism E) Liberalism