Examlex
Which of the following describes the grandparent role in Asian countries?
Auto Loan
Financing specifically designed to allow individuals to purchase vehicles by borrowing money which is then paid back over time.
Loan Broker
An intermediary who assesses a borrower's needs and matches them with potential lenders, facilitating the process of obtaining a loan.
Auto Dealer
A business that sells new or used automobiles at the retail level, typically based on a dealership contract with an automaker or sales subsidiary.
Obligor
An obligor, in a financial context, refers to the party who is legally bound, or obligated, to make a payment or fulfill a contract term to another party, the obligee.
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