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Match the Term with the Definition

question 40

Multiple Choice

Match the term with the definition.
-Constitutional amendment passed in 1866 that made all native-born or naturalized persons U.S.citizens and prohibited states from abridging the rights of national citizens.The amendment hoped to provide guarantee of equality before the law for black citizens.


Definitions:

Inventory Loan

A loan that is secured by the inventory of the borrower, providing companies with the capital needed to purchase products for sale.

Debenture

Unsecured debt, usually with a maturity of ten years or more.

Line Of Credit

An arrangement between a financial institution and a customer that establishes a maximum loan balance that the borrower can access.

Carrying Costs

The cumulative expenses associated with maintaining inventory, which encompass storage fees, insurance premiums, taxes, the decrease in value over time, and the costs related to missed opportunities.

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