A Balloon Payment

question 95

Multiple Choice

A balloon payment

• A)is an up front payment to obtain a loan.
• B)may be required by the bank at about midway in the loan term.
• C)may be due at any time during the term of a loan.
• D)is used to lift (remove)a loan covenant.

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Definitions:

Marriage

A culturally sanctioned union between two or more people that establishes certain rights and obligations between the people, between them and their children, and between them and their in-laws. Such marriage rights and obligations most often include, but are not limited to, sex, labor, property, child rearing, exchange, and status.

Sharia Law

A religious legal system governing the members of the Islamic faith.

Sexual Relations

Interactions of a sexual nature between individuals, encompassing a range of behaviors and relationships.

Outside Marriage

Relationships or sexual activities that occur outside the bounds of a legally or culturally recognized marriage.