One Type of Out-Of-Court Settlement in Which Creditors Are Requested

question 181

Multiple Choice

One type of out-of-court settlement in which creditors are requested to accept a new repayment schedule is called a (an)

• A) composition.
• B) extension.
• C) arrangement.
• D) none of the other choices are applicable

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Definitions:

Computer Crashes

Instances where a computer or a software abruptly stops functioning due to errors, overloading, or hardware failure.

Subscription Software

A model whereby the user pays a fee to use the software. The software is downloaded and installed locally but is routinely updated by connection to the manufacturer’s server.

Software

Programs and operational information used by a computer.

Microsoft Excel

A spreadsheet program developed by Microsoft, part of the Microsoft Office suite, used for data manipulation and analysis, graphing, and pivot tables.